Abu Dhabi’s ADNOC Gas has placed Asia at the centre of its commercial plan, treating the region as the main engine of future demand for liquefied natural gas after a run of supply agreements signed over the past two years with Indian and Japanese buyers. Chief Executive Fatema Al Nuaimi said Asia holds the world’s largest and fastest-growing LNG demand centres, and that flexibility in securing reliable supply has become a priority for customers.<\/p>\n
Supply agreements concluded with Indian counterparties over the past two years are worth around $20 billion. They include a deal with Hindustan Petroleum, alongside long-term partnerships with Indian Oil and GAIL. India is expected to account for 20 percent of the company’s cargoes by 2029.<\/p>\n
In Japan, ADNOC Gas signed a 15-year sale and purchase agreement with INPEX covering one million tonnes a year from the Ruwais LNG project. The company also works with JERA Global Markets and Japan Petroleum Exploration, and with Mitsui across LNG, shipping, chemicals and low-carbon energy solutions, within a UAE-Japan relationship spanning six decades.<\/p>\n
Ruwais has an annual capacity of 9.6 million metric tonnes. It is the first LNG export facility in the Middle East and Africa to run on clean power, and produces LNG with one of the lowest carbon intensities in the world. More than 80 percent of its output is committed under long-term agreements.<\/p>\n
Running alongside it is the rich gas development project, aimed at extracting additional volumes, widening the feedstock supply base and supporting revenues.<\/p>\n
The group has set up a global LNG platform that brings together the marketing operations of ADNOC Gas and its international investment arm XRG, together with the trading capabilities of ADNOC Trading, covering markets in Asia, Europe, Africa and Latin America.<\/p>\n
The company ties this approach to a shift in the LNG market away from a seller-driven model towards one built on long-term partnerships, in which buyers ask for reliability, commercial flexibility and extended guarantees, against a backdrop of economic, technological and geopolitical change that has reshaped the trade.<\/p>\n
The company has shipped more than 3,500 LNG cargoes since exports began in 1977, while the declared plan targets output of 47 million tonnes a year by 2035.<\/p>\n
This story was produced in the newsroom from the disclosed sources named above.<\/em><\/p>\n