ADNOC Gas plc has announced a three-year LNG supply agreement with the French multi-energy company TotalEnergies Gas and Power Limited
Under the terms of the agreement, through its subsidiary, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world. The value of agreement is expected to be between US$1 bn and US$1.2 bn under current market conditions, ADNOC Gas said. The contract is expected to commence in 2023 and will run through 2025.
Ahmed Alebri, chief executive officer of ADNOC Gas, said, “Our new LNG supply agreement with TotalEnergies represents another significant milestone in our strategy to expand our global reach and strengthens our position as the LNG export partner of choice for leading global energy businesses.
“This agreement reflects our commitment to meeting the needs of our customers by offering supply security, price competitiveness, and flexibility. We look forward to continuing our long-term strategic partnership with TotalEnergies, building on our shared commitment to sustainability and the energy transition.”
Thomas Maurisse, senior vice president LNG at TotalEnergies, said, "We are pleased to have signed this three-year contract with our long-standing strategic partner. 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.”