Adnoc has signed of a multi-year Sales and Purchase Agreement (SPA) with Gulf Group, a Thai energy and infrastructure conglomerate, for the supply of liquefied natural gas (LNG) into Asia.
Under the agreement, Adnoc Trading will deliver approximately 2 million tonnes of LNG to Gulf Group over a multi-year term, starting in 2027.
Nasser Al Muhairi, Acting CEO of Adnoc Downstream Industry, Marketing & Trading, said, “This agreement builds on our first LNG supply agreement with Gulf Group and reinforces Adnoc’s commitment to ensuring reliable energy supplies to Thailand and our Asian customers. It marks another milestone in ADNOC’s global LNG marketing and trading platform, enhancing the scale, flexibility and optionality of our LNG solutions to meet growing global demand.”
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Sarath Ratanavadi, Chief Executive Officer of Gulf Development Public Company Limited, said, “This agreement builds on the relationship we have established with Adnoc since 2025 and reflects our strategy: a diversified, resilient LNG portfolio anchored by our trading business. By securing midstream infrastructure, shipping capacity and relationships with leading suppliers, we are strengthening every link of our value chain. It gives Gulf Group the flexibility and scale to meet growing energy demand while supporting the region’s energy transition.”
Adnoc launched its global LNG marketing and trading platform in Abu Dhabi Global Market in July 2026, bringing its LNG marketing and trading capabilities together in a single integrated commercial platform. Designed to enhance flexibility and shipping optionality, it strengthens customer access globally and builds on Adnoc’s five-decade track record as a trusted LNG supplier.
Targeting 47 mtpa of marketable LNG beyond 2030, the platform will rank among the leading global LNG players, scaling up Adnoc’s capacity to optimize a growing and diverse LNG portfolio. Adnoc Trading remains the counterparty for LNG trading activities, connecting the portfolio with customers across key international markets.
Source: Khaleej Times