ADNOC expands Asian energy partnership with major LNG supply agreement to Thailand
The national oil company has signed a multi-year contract with Gulf Group to deliver approximately 2 million tonnes of liquefied natural gas, reinforcing its position as a trusted global energy supplier.
The Abu Dhabi National Oil Company (ADNOC) has announced a significant expansion of its Asian energy operations through a multi-year Sales and Purchase Agreement with Gulf Group, Thailand’s leading energy and infrastructure conglomerate. Under the terms of the agreement, ADNOC Trading will supply approximately 2 million tonnes of liquefied natural gas to Gulf Group commencing in 2027.
This latest accord represents a substantial development in ADNOC’s integrated global gas growth strategy, leveraging its sophisticated LNG marketing and trading platform to meet the region’s expanding energy requirements. The agreement demonstrates the company’s commitment to delivering reliable energy supplies to Thailand and broadening its customer base throughout Asia.
Nasser Al Muhairi, Acting Chief Executive Officer of ADNOC Downstream Industry, Marketing & Trading, emphasised the significance of the partnership. “This agreement builds on our first LNG supply agreement with Gulf Group and reinforces ADNOC’s commitment to ensuring reliable energy supplies to Thailand and our Asian customers. It marks another milestone in ADNOC’s global LNG marketing and trading platform, enhancing the scale, flexibility and optionality of our LNG solutions to meet growing global demand.”
Sarath Ratanavadi, Chief Executive Officer of Gulf Development Public Company Limited, highlighted the strategic value of the arrangement for his organisation. The agreement builds upon the commercial relationship established between the two entities in 2025 and reflects Gulf Group’s strategy of developing a diversified and resilient LNG portfolio anchored by its trading capabilities.
ADNOC’s global LNG marketing and trading platform, launched in July 2026 at Abu Dhabi Global Market, represents a transformative consolidation of the company’s LNG marketing and trading capabilities into a unified commercial platform. The platform is designed to enhance operational flexibility and shipping optionality whilst strengthening customer accessibility worldwide, drawing upon ADNOC’s five-decade heritage as a dependable LNG supplier.
Looking forward, the platform targets 47 million tonnes per annum of marketable LNG beyond 2030, positioning ADNOC among the world’s leading LNG operators. ADNOC Trading, which serves as the counterparty for LNG trading activities, has established itself as one of the top global LNG financial traders within four years, operating from regional offices in Abu Dhabi, Singapore and Geneva.
Source: WAM