Overview
- ADNOC and Shell signed a binding 15‑year sale and purchase agreement for up to 1 million tonnes per year from the Ruwais LNG project, the first long‑term LNG sales deal between the two companies.
- With the Shell pact, contracted volumes from Ruwais now exceed 8 million tonnes per year out of 9.6 million tonnes per year of planned capacity for international customers in Asia and Europe.
- Ruwais is designed as an electrified, low‑emission LNG export plant powered by clean energy, and Shell holds a 10 percent stake in the project; ADNOC targets start‑up by the end of 2028 and says construction is on schedule.
- ADIPEC 2025 put artificial intelligence at the center of energy strategy, with industry leaders saying AI is becoming part of the sector’s core operating model and showcasing applications from safety and efficiency to workforce transformation.
- Regional market signals featured prominently, including commentary on U.S. sanctions affecting Russian oil firms, Brent holding around $65–$68 per barrel, OPEC+’s cautious supply adjustments, and Cyprus–Egypt plans to route Cypriot gas to Egypt’s LNG plants with first output from the Cronus field targeted in 2027.