Abu Dhabi:ADNOC Gas plc and its subsidiaries have announced a five-year liquefied natural gas (LNG) supply agreement with TotalEnergies, which includes the provision of up to 1.6 million tonnes of LNG.
According to Wam, this agreement is built on the long-standing partnership between ADNOC Gas and TotalEnergies, demonstrating continued confidence in ADNOC Gas's supply reliability and delivery track record.
Fatema Al Nuaimi, the Chief Executive Officer of ADNOC Gas, emphasized the growing global demand for LNG and highlighted the company's strong position to capture this opportunity. She noted that the agreement underscores the strength of ADNOC Gas's LNG business, the competitiveness of its supply offering, and its ability to secure long-term partnerships that support growth and create lasting value for shareholders.
This development coincides with ADNOC's advancement of its global LNG marketing and trading platform, which integrates the LNG marketing activities of ADNOC Gas and XRG with ADNOC Trading's trading capabilities. This platform aims to expand ADNOC Gas's access to a more diversified LNG portfolio while providing flexible and customer-focused supply solutions.
Stéphane Michel, President of Gas, Renewables, and Power at TotalEnergies, remarked on the significance of the agreement, highlighting its strategic location between Europe and Asia, which will reinforce TotalEnergies' position as a leading LNG portfolio supplier.
The agreement aligns with ADNOC Gas's long-term growth ambitions as it continues to expand its LNG business and strengthen its presence in global markets. The future integration of Ruwais LNG is expected to significantly boost production capacity, further establishing ADNOC Gas as a leading global LNG supplier.