Media ININ Economy We Trust
September 8th
The “ADNOC Gas” deal to supply liquefied natural gas, with a value ranging from 1.65 to 2 billion dirhams (440 to 550 million dollars) with PetroChina International Limited, raised the company’s total deals signed since the beginning of May to between 8.9 billion dollars (32.6 billion dirhams). ), and $11.3 billion (41.47 billion dirhams). The deals reinforce ADNOC Gas’s position as a preferred global partner for the export of liquefied natural gas.
In early May 2023, ADNOC Gas announced a three-year gas supply agreement with the French Total Energies, valued at between $1 and $1.2 billion under current market price conditions.
Last August, the company announced a 5-year supply agreement with the Japan Oil Exploration Company Limited (JAPEX), with a value ranging between 1.65 billion dirhams ($450 million) and 2 billion dirhams ($550 million).
Before that, in July, ADNOC Gas announced an agreement to supply up to 1.2 million metric tons annually of liquefied natural gas for a period of 14 years with the Indian Oil Corporation Limited (IOCL), and the value of the contract ranges between 25.7 to 33 billion dirhams (7 to $9 billion).
PetroChina Limited
ADNOC Gas PLC announced, on Thursday, the signing of an agreement to supply liquefied natural gas, with a value ranging from 1.65 to 2 billion dirhams ($440 to 550 million) with PetroChina International Limited, a subsidiary of PetroChina Limited, which is one of… One of the leading producers and distributors of oil and gas in China.
This agreement confirms the growing global presence of ADNOC Gas, especially in the markets of East and South Asia. Natural gas plays a pivotal role as a transitional fuel due to its low carbon emissions compared to other types of fossil fuels. ADNOC Gas continues its commitment to ensuring the provision of reliable, sustainable and economical supplies of natural gas to meet the growing demand for this vital resource in local and global markets.
important raw material
LNG represents an important raw material for industrial value chains, as its versatility allows it to be used in a wide range of industries, thus enhancing economic growth.
It is noteworthy that ADNOC Gas will continue to benefit from the opportunities provided by ADNOC’s integrated gas master plan, which aims to link the components of the value chain to ensure the provision of sustainable and economic supplies of natural gas to enable the UAE to achieve self-sufficiency in it, support growth and economic diversification, and meet Growing demand in local and global markets.
