ADNOC Gas signs multimillion LNG supply deal with PetroChina

Abu Dhabi’s ADNOC Gas has announced a $450m-$550m liquefied natural gas (LNG) deal with PetroChina International Company (PetroChina), underscoring the company’s growing global presence, especially in the East and South Asian markets.

LNG plays a crucial role as a transitional fuel, generating lower-carbon emissions compared to other fossil fuels, and ADNOC Gas is committed to ensuring reliable supply to its customers around the world.

It also serves as an important raw material in industrial value chains and its versatility allows its application across a broad range of industries, fostering economic growth.

“We are pleased to sign this LNG supply agreement with PCI, further strengthening our presence in one of the world’s fastest-growing gas markets. China continues to be a key market for ADNOC Gas, and this agreement further reinforces our role as a major LNG supplier across East and South Asia, and beyond,” said Ahmed Mohamed Alebri, CEO of ADNOC Gas.

ADNOC Gas’ LNG deals

The deal with PetroChina follows several significant international LNG sales agreements, including those with Japan Petroleum Exploration Company, TotalEnergies Gas and Power, and India Oil Corporation (IOCL).

The Abu Dhabi-listed firm signed a 14-year supply agreement with IOCL for the export of up to 1.2 million metric tonnes per annum of LNG per year in July.

It also signed a three-year agreement with TotalEnergies in May for the export of LNG from 2023 to 2025, cementing the company’s position as a reliable global supplier of natural gas.

ADNOC Gas also delivered the first-ever LNG cargo to be shipped to Germany from the Middle East in February.

The company continues to capitalise on the growing global demand for natural gas, as the company continues to grow its export business, ensuring a sustainable and economic supply of natural gas to meet local and international demand.

ADNOC Gas invested $3.6bn in August to boost its gas processing capabilities as the company looks to expand its production capacity in the UAE.

The investment is aimed at providing sufficient energy to the UAE’s growing industrial sector while stimulating economic growth and diversification through the In-Country Value generated by the contract.

Read: ADNOC Gas invests $3.6bn to boost gas processing capabilities