Chinese energy giant ENN Natural Gas signed a 15-year deal to buy liquefied natural gas from Abu Dhabi National Oil Company, the United Arab Emirates’ largest petroleum firm.

ADNOC will deliver no less than one million metric tons of LNG a year for 15 years from 2028 to ENN’s unit ENN LNG Singapore, the Abu Dhabi-based company announced yesterday.

The LNG supplied to ENN will be mainly from ADNOC’s Ruwais LNG project in Abu Dhabi’s Al Ruwais Industrial City, which is set to become the first LNG export facility in the Middle East and North Africa to run on clean power, ADNOC noted.

Once completed, the Ruwais LNG project will consist of two LNG liquefaction trains with a total annual capacity of 9.6 million metric tons, more than doubling ADNOC’s LNG production capacity, thus helping the company meet the increased global demand for natural gas and supporting its net zero emission goal by 2045, ADNOC added.

Founded in 1989 as an urban gas provider, ENN gradually expanded its business into real estate, tourism, and the health sector. It now serves more than 27 million households and 224,000 enterprises in 21 Chinese provinces, according to its website. The company achieved revenue of CNY167.6 billion (USD23.5 billion) last year.

ENN [SHA: 600803] closed 1.3 percent up at CNY15.91 (USD2.23) in Shanghai today. The broader Shanghai Composite Index rose 0.6 percent.