Adnoc Gas, the integrated gas processing company, has signed a three-year supply agreement with a unit of French multi-national energy company TotalEnergies for the export of liquefied natural gas (LNG).
The deal, which was inked through TotalEnergies’ utility division – TotalEnergies Gas and Power – underscores Adnoc Gas’ position as a global LNG export partner of choice and cement TotalEnergies as a key strategic partner for Adnoc Gas in the LNG market, representing another important milestone.
Under the terms of the agreement, 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 the growing global demand for LNG, a critical energy transition fuel.
The three-year contract is expected to commence in 2023 and will run through 2025, reinforcing both companies’ positions as key players in the global LNG market.