Overview
- ADNOC signed a 15‑year sale‑and‑purchase agreement to supply up to 1 million tonnes per year of LNG to Shell International Trading Middle East, converting earlier heads of terms into a binding deal.
- With the Shell contract, long‑term commitments for the 9.6 mtpa Ruwais project now exceed 8 mtpa, and ADNOC reiterates a late‑2028 start‑up for its low‑emission, clean‑power, AI‑enabled plant.
- At ADIPEC, former Egyptian oil minister Tarek El Molla said U.S. sanctions on Rosneft and Lukoil are having immediate market effects, with Brent near $65–68 and global gas demand growth around 1% in 2025–2026 as OPEC+ opts for a modest supply increase and a wait‑and‑see stance.
- Cyprus’ energy minister said first gas from the Kronos field is expected in 2027 under a February 2025 government agreement to route Cypriot gas to Egypt for domestic use or liquefaction at Damietta and Idku.
- Axios reported that Washington circulated a draft UN Security Council resolution to deploy a multinational force in Gaza through end‑2027, as Palestinian officials seek inclusion of Palestinian police and legal authority, Israel demands Hamas disarmament, and Haaretz flagged ambiguities that could complicate implementation.