Tuesday, July 23, 2024

ADNOC Gas signs contract to supply liquefied gas to PetroChina



ADNOC Gas announced that it has signed an agreement to supply liquefied natural gas worth 1.65 to 2 billion dirhams ($440 to 550 million) with PetroChina, one of the most important producers and distributors of oil and gas in China.

The deal also cements ADNOC Gas’ global presence, particularly in the markets of East and South Asia.

Natural gas plays an important role as an intermediate fuel due to its low carbon emissions compared to other types of fossil fuels. ADNOC Gas continues its commitment to ensure a reliable, sustainable and economical supply of natural gas to meet growing demand. This is a key resource in local and global markets.

For his part, Ahmed Al Abri, CEO of ADNOC Gas, confirmed that the agreement will enhance ADNOC Gas’ presence in one of the world’s fastest growing gas markets, adding that “China continues to cement its position as a key market for ADNOC Gas products, and this agreement consolidates our role as a supplier Coming.” Key to LNG in East and South Asia and other markets.”

LNG represents an important raw material for industrial value chains because its versatility allows it to be used in a wide range of industries, thereby enhancing economic growth.

For his part, Wu Junli, Chairman of the Board of Directors of PetroChina (PCI), said: “Energy is a key area of ​​cooperation between China and the UAE. This agreement strengthens the areas of cooperation between the two companies and reaffirms our company’s commitment to ADNOC Gas as a global partner.

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The announcement of this deal with BCI comes after ADNOC Gas announced several deals for the sale of liquefied natural gas with various companies around the world, including deals with Japan Petroleum Exploration Company Limited (JPEX), Total Energies and Indian. Oil Corporation Limited (IOCL), which confirms ADNOC Gas’ position as a global partner for LNG exports.

It is noteworthy that ADNOC Gas will continue to benefit from the opportunities presented by ADNOC’s Integrated Gas Master Plan, which aims to link elements of the value chain to ensure the provision of sustainable and economic supplies of natural gas to achieve self-sufficiency in the UAE. Adequate in that, support growth and economic diversification, and meet growing demand in the country, local and global markets.

Emirates News

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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