Abu Dhabi – Mubasher: ADNOC LNG, an Abu Dhabi National Oil Company (ADNOC) operating company has entered into supply agreements with subsidiaries of BP and Total, thus booking out the majority of its liquefied natural gas (LNG) production through the first quarter (Q1) of 2022, according to a press release on Tuesday.
“With these new supply agreements, ADNOC LNG has shown that it can react quickly and decisively to changing market conditions while ensuring the security and quality of delivery,’’ said ADNOC LNG CEO, Fatema Al Nuaimi.
ADNOC LNG has switched “from supplying 90% of its LNG to a single customer in Japan to supplying 90% of its LNG to a range of clients and receiving terminals in more than eight countries in Asia, including India, China, and South Korea”, said ADNOC.
“The two year LNG Supply Agreement contributes to the growth and flexibility of Total’s LNG portfolio and strengthens our longstanding relationship with ADNOC LNG,” said Laurent Chevalier, Vice President for Middle East gas, renewables, and power at Total.
It is worth noting that ADNOC is the 70% majority shareholder of ANDOC LNG.
