LNG supply agreement: ADNOC strengthens its collaboration with China

ADNOC Gas, the gas subsidiary of the United Arab Emirates, strengthens its presence in Asia with a new $450-550 million liquefied natural gas (LNG) supply agreement with PetroChina.
petrochina adnoc

Partagez:

Gas collaboration: UAE-based ADNOC Gas announced on Thursday that it had signed a liquefied natural gas (LNG) supply contract with China’s PetroChina, worth between $450 and $550 million.

ADNOC Gas strengthens its presence in Asia with major gas collaboration agreements in China and East Asia

The volumes supplied and the duration of the contract were not specified.

“China remains a key market for ADNOC Gas, and this agreement reinforces our role as a major LNG supplier in East and South Asia, and beyond,” ADNOC Gas CEO Ahmed Alebri said in a statement.

In August, the Emirati oil giant’s gas subsidiary ADNOC announced a similar deal with Japanese firm JAPEX, following the signing in July of a contract worth over $7 billion with India’s Indian Oil Corporation Ltd.

In May, the Emirati gas company also signed a deal worth at least a billion dollars with France’s TotalEnergies, targeting “primarily the Asian market”.

The United Arab Emirates aims to produce 15 million tonnes of liquefied natural gas (LNG) over the next few years

The United Arab Emirates produced 57 billion cubic meters of natural gas in 2021, around 1.4% of global production, while LNG exports amounted to 8.8 billion cubic meters, representing almost 1.7% of world trade, according to the BP Statistical Review of World Energy.

The Gulf country hopes to reach an annual production of 15 million tonnes in the next few years, according to Bloomberg.

ADNOC Gas began operations in January, before going public three months later in an IPO worth some $2.5 billion.

Why does it matter?

The recent signing of a contract between ADNOC Gas and PetroChina for the supply of liquefied natural gas (LNG) worth between $450 and $550 million reinforces ADNOC Gas’ position as a key LNG supplier in East and South Asia.

This collaboration reflects the growing demand for LNG in Asia, particularly in China, where the energy market continues to expand. Similar agreements with Japanese, Indian and French companies demonstrate the diversification of ADNOC Gas’ customer base and its commitment to the fast-growing Asian market.

  • Populaires ​
Mauritius launches international tender for floating power plant
France Officially Launches Its First Floating Wind Farm in the Mediterranean
CNOOC partners with KazMunayGas to explore the Zhylyoi subsoil area
Austria introduces a 20% bonus for European photovoltaic equipment
Europe extends gas storage obligations until 2027
The drilling fluids industry will reach $10.7bn by 2032 driven by oil expansion and chemical innovations
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
Global small-scale LNG market to reach $31.78bn by 2030
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe accelerates gas storage filling despite declining reserves
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
TotalEnergies strengthens Malaysian foothold with new offshore blocks
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.
Egypt secures 290 LNG shipments to meet summer demand
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS