ADNOC Extends LNG Supply Deal to 2040

Wednesday, November 14, 2018

The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it has agreed, in principle, to extend gas supplies to ADNOC LNG to 2040.

The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire on March 31, 2019, ADNOC said in a statement.

ADNOC also said that it had signed seven term agreements for the sale of over 4.2 million tonnes per year of LNG as it diversifies its LNG customer portfolio.


(Reporting by Rania El Gamal; Editing by Susan Fenton)

Categories: Contracts LNG

Related Stories

VARD Snags $125m Shipbuilding Deal for Subsea Contruction Vessel

Woodside Inks Long-Term LNG Supply Deal with China Resources

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

ADNOC Secures LNG Supply Deal with India's BPCL

Japan's Mitsui Eyes Alaska LNG Project

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

CNOOC Brings Bohai Sea Oil Field On Stream

Current News

VARD Snags $125m Shipbuilding Deal for Subsea Contruction Vessel

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com