UAE’s ADNOC inks LNG deals with Total and Vitol

A unit of UAE’s Abu Dhabi National Oil Co. has signed multi-year LNG supply agreements with Total and Vitol.

Under the first six-year deal, ADNOC LNG, a joint venture in which the UAE giant has a 70% stake, will supply 1.8 mtpa of post-2022 LNG volumes to Swiss-based trader Vitol.

On the other side, the deal with France-based energy giant Total is for two years. Total will get 0.75 mtpa of 2021 and 2022 LNG volumes.

“These agreements demonstrate the success of our commercial strategy in unprecedented times and confirm the market’s growing confidence in demand for natural gas,” said Fatema al-Nuaimi, ADNOC LNG CEO.

“LNG is a fuel that can support the transition to clean energy, especially in many Asian markets where switching to gas will result in significant environmental gains,” she said.

Customer diversification

ADNOC LNG produces about 6 mtpa of LNG from its facilities on Das Island off the coast of Abu Dhabi.

Prior to 2019, about 90 percent of these volumes landed in Japan, the world’s largest LNG importer.

However, since than the LNG producer has signed several deals and now supplies the fuel to a range of clients, and in more than eight countries from across Southern and Southeast Asia.

The firm added that the agreements with Vitol and Total continue the transition to a multi-customer strategy.

Besides ADNOC, the LNG producers shareholders include Mitsui & Co (15%), BP (10%), and Total (5%).

Most Popular

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

Cheniere takes FID on two more Corpus Christi LNG trains

US LNG exporting giant Cheniere has made a positive final investment decision to build two more midscale trains at its Corpus Christi LNG plant in Texas. The company has also issued full notice to proceed to Bechtel.

More News Like This

Santos gets $18.7 billion takeover offer from Adnoc-led consortium

Australian LNG player Santos has received a takeover offer valued at $18.7 billion from a consortium led by Adnoc's investment unit XRG.

TotalEnergies expands in Malaysia with Petronas deal

French energy giant and LNG player TotalEnergies has entered into a deal with Petronas to buy stakes in multiple blocks offshore Malaysia and one block offshore Indonesia.

Argentina’s Enarsa gets offers for new LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received six offers for its third LNG cargo tender in 2025.

Adnoc Gas dishes out $5 billion in contracts for expansion project

Adnoc’s gas and LNG unit, Adnoc Gas, has taken the final investment decision on its Rich Gas Development (RGD) project. It also awarded $5 billion in contracts for the first phase of the project in the UAE.