ADNOC Gas signs supply deal with TotalEnergies

ADNOC Gas will supply Total’s LNG arm, which will be delivered to export markets around the world. The UAE parastatal said the deal demonstrates its ability to meet growing global demand for natural gas and represents an important milestone.

ADNOC Gas chief executive Ahmed Alebri 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. This agreement reflects our commitment to meeting the needs of our customers by offering supply security, price competitiveness and flexibility.”

He added, “We look forward to continuing our long-term strategic partnership with TotalEnergies, building on our shared commitment to sustainability and the energy transition. TotalEnergies has a longstanding presence in the United Arab Emirates (UAE), having operated in the country for more than 80 years.” 

The three-year contract is valued at between US$1~1.2Bn and is expected to commence this year, running through 2025. 

Total senior vice president LNG Thomas Maurisse added, “These additional volumes will strengthen our global LNG portfolio, our ability to supply the growing Asian markets, and our ambition to accompany our customers in their energy transition.” 

Newly formed as an offshoot in January, ADNOC Gas is part of the UAE’s broader LNG expansion plans. 

This week, the company announced its LNG growth project will move forward in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi, where a 9.6-mta liquefaction plant will be part of ANDOC’s goal of doubling LNG production for the export market.