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 ADNOC Gas Ink Deal with PetroChina International for Supplying LNG


ADNOC Gas Ink Deal with PetroChina International for Supplying LNG

ADNOC Gas, a world-class integrated gas processing company, on Thursday announced an agreement, valued between $450 million and $550 million, to supply Liquefied Natural Gas (LNG) to PetroChina International (PCI) Company Limited, a subsidiary of PetroChina Company Limited, one of the leading oil and gas producers and distributors in China.

This agreement underscores ADNOC Gas’ growing global presence, particularly in the East and South Asian markets. Natural gas 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.

Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas, said that signing the LNG supply agreement with PCI, further strengthened the company’s 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, he said.

LNG 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.

Wu Junli, Chairman of PCI, said that energy is an important area of collaboration between China and the UAE, and they were delighted to partner with ADNOC Gas, a company committed to providing stable and reliable energy supply with low-carbon emissions.

“This agreement signifies an extension of the cooperation between our two companies and reaffirms PCI’s commitment to ADNOC Gas as our global partner,” Junli added.

Many Deals in the Past

This agreement follows several significant international LNG sales agreements, including those with Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, and India Oil Corporation (IOCL), underscoring ADNOC Gas’ position as a global export partner of choice.

ADNOC Gas said that it continues to leverage opportunities arising from ADNOC’s integrated gas masterplan, which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.

About ADNOC Gas

ADNOC Gas, which is listed on the Abu Dhabi Securities Exchange (ADX) is a world-class, large-scale integrated gas processing company operating across the gas value chain, from receipt of raw gas feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers.

ADNOC Gas supplies approximately 60% of the UAE’s sales gas needs and supplies end-customers in over 20 countries.

Global Business Magazine

Global Business Magazine

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