Adnoc to Supply LNG to China in Deal Worth Up To $550MM
'China continues to be a key market for ADNOC Gas...'
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'China continues to be a key market for ADNOC Gas...'
Abu Dhabi-based Adnoc Gas has reached an agreement, in the range of $450 million to $550 million, for supply of LNG to a unit of PetroChina Company. This agreement follows similar LNG sales deals with Japan Petroleum, Total and India Oil Corp.
ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a liquified natural gas (LNG) supply agreement with PetroChina International Company valued between $450m and $550m.
Latest win secures Abu Dhabi entity's growing user base in South Asian markets
ADNOC Gas plc (“ADNOC Gas” or the “Company”), a world-class integrated gas processing company, today announced an agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), to supply Liquefied Natural Gas (LNG) to PetroChina