ADNOC and Gulf Group Extend LNG Supply Agreement

Abu Dhabi National Oil Company (ADNOC) has secured a long-term agreement to supply approximately 2 million tonnes of liquefied natural gas (LNG) annually to Thailand’s Gulf Group. The deal, set to begin in 2027, extends a partnership that was initially established in 2025. Under the sales and purchase agreement, ADNOC Trading will handle the deliveries, reinforcing the company’s role in the global LNG market.

Nasser Al Muhairi, Acting CEO of ADNOC Downstream Industry, Marketing & Trading, highlighted that this agreement underscores ADNOC’s commitment to providing reliable energy supplies to Thailand and other Asian customers. He noted that the deal marks another milestone in ADNOC’s global LNG marketing and trading platform, which was launched in July 2026. The platform consolidates the company’s LNG marketing and trading activities into a single commercial entity.

ADNOC is aiming to achieve 47 million tonnes per annum of marketable LNG beyond 2030. ADNOC Trading, which serves as the counterparty for LNG trading activities, has been expanding its third-party LNG portfolio over the past four years. The company operates from offices in Abu Dhabi, Singapore, and Geneva, connecting its portfolio with customers worldwide.

Sarath Ratanavadi, Gulf Development CEO, emphasized that the agreement aligns with Gulf Group’s strategy of building a diversified and resilient LNG portfolio. By securing midstream infrastructure, shipping capacity, and relationships with leading suppliers, Gulf Group aims to strengthen its value chain and meet growing energy demand while supporting regional energy transitions.