LNG

ADNOC agrees to extend gas supply agreement for LNG subsidiary

Abu Dhabi National Oil Co. has agreed in principle to extend its gas supply agreement with ADNOC LNG until 2040
By Staff reporter 15 November 2018 0 33316

Abu Dhabi National Oil Co. (ADNOC) has agreed in principle to extend its gas supply agreement with ADNOC LNG until 2040, ADNOC said on Wednesday.

The new agreement will take effect from April and will replace the existing agreement, which is due to expire at the end of March. The deal was agreed in coordination with Mitsui, BP and Total, ADNOC LNG’s joint venture partners.

ADNOC LNG has signed seven term contracts to supply more than 4.2 mtpa.