ADNOC to supply 2 million tonnes of LNG to Thailand from 2027

ADNOC Trading, the trading arm of Abu Dhabi National Oil Company (ADNOC), has signed a new long-term liquefied natural gas (LNG) supply agreement with Thailand's Gulf Group. The deal, announced on Monday, will see ADNOC deliver 2 million tonnes of LNG to Thailand starting in 2027. This builds on an earlier partnership established in 2025 and aligns with ADNOC's broader strategy to expand its LNG marketing and trading business globally.

The agreement comes after ADNOC launched an integrated global LNG marketing and trading platform in Abu Dhabi Global Market in July. This platform consolidates the LNG marketing activities of ADNOC Gas and XRG with the trading capabilities of ADNOC Trading. Nasser Al Muhairi, Acting CEO of ADNOC Downstream Industry, Marketing and Trading, emphasized that the deal reinforces ADNOC's commitment to providing reliable energy supplies to Thailand and other Asian customers.

Sarath Ratanavadi, CEO of Gulf Development Public Company Limited, highlighted that the agreement strengthens every link in Gulf Group's value chain, including midstream infrastructure and shipping capacity. Gulf Group, Thailand's leading energy and infrastructure conglomerate, operates across various sectors, including energy, ports, logistics, digital services, telecommunications, and satellite operations. The deal is expected to help Gulf Group meet growing energy demand while supporting the region's energy transition.

ADNOC is aiming to scale up its LNG marketing and trading business, targeting 47 million tonnes per annum (mtpa) of marketable LNG by 2035. The company's integrated LNG platform is designed to offer customers greater access to its LNG portfolio, along with increased flexibility in supply, trading, and shipping. The expansion is also supported by new production capacity, including the Ruwais LNG project in Abu Dhabi, which is scheduled to begin commercial operations in 2028 with a production capacity of 9.6 mtpa.