ADNOC Gas announced on Tuesday the signing of a five-year agreement with French company TotalEnergies to supply up to 1.6 million tons of liquefied natural gas (LNG). ADNOC stated in a statement on its official website that the agreement is based on the long-term strategic partnership between the two companies, and reaffirms the continuous confidence in the reliability of its supplies and its track record of commitment to delivery operations.
In the same context, Fatima Al Nuaimi, CEO of ADNOC Gas, emphasized that global demand for LNG is witnessing continuous growth, noting that the UAE company has significant capacities and a leading position that qualify it to benefit from this growth. For his part, Stephane Michel, Head of Gas, Renewables and Power at TotalEnergies, pointed out that ADNOC's ideal strategic location between Europe and Asia will help consolidate TotalEnergies' position as one of the leading LNG portfolio suppliers worldwide.
TotalEnergies is a major shareholder and strategic partner in ADNOC Gas, and this agreement supports ADNOC's ambitions to achieve sustainable long-term growth, as it continues to expand its LNG business and strengthen its presence in global markets. With the significant increase expected in its production capacity for natural gas following the start-up of the Ruwais LNG project, ADNOC Gas possesses significant capacities and a leading position that qualify it to benefit from the growing global demand for LNG, and to consolidate its position as a reliable global supplier of this vital resource.
Source: Syrian Arab News Agency (SANA)
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