TotalEnergies To Buy LNG From ADNOC In $1B Deal
ADNOC Gas Plc, a listed subsidiary of Abu Dhabi National Oil Co, has reached an agreement with France’s TotalEnergies SE to supply the latter with LNG in a $1B deal
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ADNOC Gas Plc, a listed subsidiary of Abu Dhabi National Oil Co, has reached an agreement with France’s TotalEnergies SE to supply the latter with LNG in a $1B deal
The agreement is valued at between $1 billion and $1.2 billion.
Leased from ADNOC L&S, the Japan-built Moss-type LNG carrier Ish, converted to FSU by AG&P subsidiary, GAS Entec, brings to the Philippines the country's maiden LNG cargo. [Image: AG&P]
ADNOC, the national oil company of Abu Dhabi, is expanding its natural gas production capacity and increasing investments to target Europe's gas markets.
The cargo will be used used to cool down the floating storage unit Ish and commission the first LNG terminal in Batangas Bay near Manila. [Image: AG&P]