Adnoc to Supply Thailand with 2 Million Tonnes of LNG Starting 2027

UAE-based energy giant Adnoc has secured a long-term deal with Thailand’s Gulf Development to supply approximately 2 million tonnes of liquefied natural gas (LNG). The shipments are set to commence in 2027, though the financial details, contract duration, and cargo origins remain undisclosed.

This agreement marks the second LNG supply deal between Adnoc and Gulf Development, following their first partnership in 2025. Deliveries will be managed through Adnoc Trading and its LNG marketing platform, which launched in July at the ADGM financial center in Abu Dhabi.

Nasser Al Muhairi, acting CEO of Adnoc’s downstream, marketing, and trading division, emphasized that the deal will enhance the reliability of energy supplies for Thailand and other Asian customers. Meanwhile, Gulf Development’s CEO Sarath Ratanavadi highlighted that the contract will strengthen their diversified and resilient LNG portfolio, offering greater flexibility to meet demand.

Thailand is actively seeking alternative LNG suppliers due to reduced deliveries from the Persian Gulf, exacerbated by regional conflict. Natural gas accounts for over 60% of Thailand’s electricity generation. According to Krungsri Research, roughly 24% of Thailand’s LNG imports, around 2.2 million tonnes annually, typically pass through the Strait of Hormuz, primarily sourced from Qatar.

State-owned energy company PTT has explored alternative supply sources, including Oman, Mexico, and Canada. The Strait of Hormuz, which previously facilitated about one-fifth of global oil and LNG shipments, remains largely inaccessible. Additionally, an Iranian missile strike on Qatar’s Ras Laffan complex in March disrupted approximately 17% of the country’s LNG production capacity, with some cargo cancellations extended until November.