ADNOC Gas PLC has agreed to sell TotalEnergies Gas and Power Ltd. LNG for a 3-year term starting this year. The gas supplied will be used by TotalEnergies to meet its global commitments.
"We are pleased to have signed this 3-year contract with our long-standing strategic partner,” said Thomas Maurisse, senior vice-president LNG at TotalEnergies. “These additional volumes will strengthen our global LNG portfolio, our ability to supply the growing Asian markets, and our ambition to accompany our customers in their energy transition.”
ADNOC estimates the value of the agreement at as much as $1.2 billion. Abu Dhabi National Oil Co. (ADNOC) formed ADNOC Gas earlier this year (OGJ Online, Jan. 10, 2023). The company shipped the first Middle East-sourced LNG cargo to arrive in Germany (OGJ Online, Feb. 22, 2023).
ADNOC LNG, 70% owned by ADNOC, produces 6 million tonnes/year (tpy) at its plant on Das Island offshore Abu Dhabi. ADNOC’s partners in ADNOC LNG are Mitsui & Co. (15%), bp PLC (10%), and TotalEnergies (5%). The company is also developing a second plant, with 9.6-million tpy capacity, at Fujairah, with award of an engineering, procurement, and construction contract expected in 2023 (OGJ Online, May 13, 2022).
