ADNOC signs 15-year LNG HoA with Germany's SEFE
ADNOC signs 15-year LNG HoA with Germany's SEFE
-
Natural Gas News
ADNOC signs 15-year LNG HoA with Germany's SEFE
Summary
The LNG will primarily be sourced from ADNOC’s Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi. [Image: ADNOC] by: Shardul Sharma
The Abu Dhabi National Oil Company (ADNOC) has signed a 15-year heads of agreement with SEFE Marketing & Trading Singapore, a subsidiary of Germany’s SEFE, for the delivery of 1mn tonnes/year ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.