ADNOC Gas signs 10

UAE natural gas giant ADNOC Gas has signed a 10-year LNG sales and Can I recover the money if I report to the police after being defrauded by the foreign exchange platformpurchase agreement with India's largest gas company, GAIL. Starting in 2026, ADNOC Gas will supply 520,000 tons of liquefied natural gas annually to GAIL, laying a solid foundation for the long-term cooperation between the two parties. This agreement is an important deepening following the framework agreement signed by both parties in January of this year, marking a further strengthening of energy cooperation between the two companies.

According to the agreement, the liquefied natural gas will be supplied through ADNOC Gas's liquefaction facility located on Das Island. With an annual capacity of 6 million tons, this facility is one of the longest-operating gas production plants globally, having supplied over 3,500 shipments of liquefied natural gas to customers worldwide since it began operations in 1977. This cooperation not only further consolidates ADNOC Gas's position as a leading global gas supplier but also highlights its ambition to seize future growth opportunities in natural gas demand.

To further expand its capacity and market share, ADNOC Gas announced it will acquire a 60% stake in ADNOC's Ruwais LNG project at cost price in the second half of 2028. The Ruwais project includes two production lines, each with an annual capacity of 4.8 million tons, and is the first LNG production facility in the Middle East and Africa powered by clean electricity, meeting leading global low-carbon emission standards. Once operational, ADNOC Gas's annual LNG capacity will double to over 15 million tons, providing critical support to meet global market demand.

ADNOC Gas Senior Vice President Rashid Khalfan Al Mazrouei stated: "Global demand for LNG is expected to grow by 15% over the next decade, driven primarily by China's industrial policy to switch from coal to gas, and increased demand for gas-fired power in Southeast Asia. ADNOC Gas will further enhance its competitiveness in the global market and capture a larger market share through new projects and expansion initiatives."

This agreement not only reflects ADNOC Gas's strategic position in the global natural gas industry but also demonstrates its long-term plan to address global energy transition through technology upgrades and capacity expansion. As global demand for clean energy continues to grow, ADNOC Gas is accelerating efforts to solidify its position in the global market.

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