ADNOC Gas signs 3-year LNG supply agreement with TotalEnergies Gas and Power

  • Date: 01-May-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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ADNOC Gas signs 3-year LNG supply agreement with TotalEnergies Gas and Power

- Value of agreement is expected to be in range of 1 billion USD to 1.2 billion USD under current market conditions

Abu Dhabi, UAE: ADNOC Gas plc (“ADNOC Gas” or the “Company”), a world-class integrated gas processing company, today announced a three-year supply agreement with the French multi-energy company TotalEnergies Gas and Power Limited a subsidiary of TotalEnergies, a French multinational energy company, for the export of liquefied natural gas (LNG).

The deal underscores ADNOC Gas’ position as a global LNG export partner of choice and cements TotalEnergies as a key strategic partner for ADNOC Gas in the LNG market, representing another important milestone as ADNOC Gas expands its global reach.

Under the terms of the agreement, through its subsidiary, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world. The agreement demonstrates ADNOC Gas’ ability to meet growing global demand for LNG, a critical energy transition fuel.

Commenting on the agreement, Ahmed Alebri, Chief Executive Officer of ADNOC Gas, said: “Our new LNG supply agreement with TotalEnergies represents another significant milestone in our strategy to expand our global reach and strengthens our position as the LNG export partner of choice for leading global energy businesses.