GULF and ADNOC expand LNG supply partnership for 2027

Gulf Development Public Company Limited (GULF) has announced a new multi-year Sales and Purchase Agreement (SPA) with ADNOC, a major global energy company, for the supply of liquefied natural gas (LNG). The deal will see ADNOC Trading deliver nearly 2 million tonnes of LNG to GULF starting in 2027, strengthening GULF’s global LNG portfolio.

The agreement builds on a previous partnership between the two companies, established through their first LNG supply agreement in 2025. It aligns with ADNOC’s strategy to expand its presence in the Asian LNG market, reinforcing GULF’s efforts to create a diversified and resilient LNG supply chain.

Mr. Sarath Ratanavadi, CEO of Gulf Development Public Company Limited, emphasized that this partnership enhances the security of GULF’s LNG portfolio and creates new trading opportunities in Asia. He noted that GULF has been investing in infrastructure and shipping capabilities to strengthen its LNG value chain, from upstream to downstream.

Nasser Al Muhairi, Acting CEO of ADNOC Downstream Industry, Marketing & Trading, highlighted that the agreement reinforces ADNOC’s commitment to reliable energy supplies for its Asian customers. He described it as another milestone in ADNOC’s global LNG marketing and trading platform, aimed at meeting growing global demand.