ADNOC LNG signs two sales agreements with “Vitol” and “Total” –...

ADNOC LNG signs two sales agreements with “Vitol” and “Total” –...
ADNOC LNG signs two sales agreements with “Vitol” and “Total” –...

“ADNOC Liquefied Natural Gas Company” signed an agreement with “Vitol International Company” for a period of six years, to supply 1.8 million tons annually of its production beyond 2022, and another agreement with French Company Total for two years to supply 750 thousand tons annually of its production in 2021 and 2022.

Fatima Al-Nuaimi, CEO of “ADNOC Liquefied Natural Gas”, said during her speech at the Abu Dhabi International Petroleum Conference and Exhibition “ADIPEC” that these two deals were signed in order to strengthen the partnership with “Vitol” and “Total”, and achieve valuable and long-term benefits for “ADNOC Gas”. Liquid Natural »and its shareholders.

She added: “These two agreements reflect the success of our commercial strategy under these exceptional circumstances. They also confirm the growing market demand for liquefied natural gas that facilitates the transition to clean energy consumption, especially in many Asian markets that, thanks to relying on natural gas, have been able to achieve environmental gains. big”. And she stressed the continuation of meeting the increasing demand for liquefied natural gas as a main fuel in the energy mix now and in the future.

In turn, the head of Vitol’s liquefied natural gas division, Pablo Galant Escobar, said that the agreement will enhance Vitol’s ability to ensure a sustainable and safe supply of energy sources to its customers around the world.

In the same context, Thomas Morris Auris, Senior Vice President for LNG at Total, said that the new supply agreement contributes to enhancing the growth and resilience of Total’s LNG portfolio, as well as strengthening its long-term relationship with ADNOC LNG. ».

It is noteworthy that ADNOC is the first exporter of liquefied natural gas in the Arab Gulf region, and a reliable supplier to global markets for more than four decades.

ADNOC LNG produces about six million tons per year of LNG from its facilities on Das Island, off the coast of Abu Dhabi, and is one of the world’s most reliable producers of supercooled liquefied gas.

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