ADNOC Signs Multi-Year LNG Supply Deal for Thailand
The agreement secures 2 million tonnes of LNG for Gulf Group starting in 2027, signaling tightening long-term supply availability.
Updated on Oct. 28, 2026 in Oil and Gas
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ADNOC has entered into a multi-year agreement to supply 2 million tonnes of LNG to Thailand-based Gulf Group. The deliveries, managed by ADNOC Trading, are scheduled to commence in 2027.
Why it matters
This contract reflects Gulf Group’s strategy to secure diversified energy supplies for Thailand and underscores ADNOC’s expanding global presence in the LNG trade. The agreement follows a previous 2025 deal between the two firms.
The agreement covers the delivery of 2 million tonnes of LNG, a portion of the 47 million tonnes per annum capacity ADNOC targets beyond 2030. ADNOC currently serves more than 20 international markets through its global trading platform.
The players
ADNOC
An Abu Dhabi-based state-owned energy company that manages significant oil and gas assets and provides 60% of the UAE's domestic gas requirements.
Gulf Group
A Thailand-based energy and infrastructure firm managing a diversified portfolio of power and utility assets.
The details
ADNOC Trading, which manages operations from offices in Singapore and Geneva, will oversee the cargo shipments through the integrated marketing platform launched in July 2026. This setup allows ADNOC to centralize its logistics and supply chain management for international clients. The arrangement provides Gulf Group with a reliable long-term energy source to meet Thailand’s domestic requirements.
Timeline
2025: Companies signed their first LNG supply agreement.
July 2026: ADNOC launched a global LNG marketing and trading platform.
2027: Delivery of LNG under the new agreement begins.
Beyond 2030: ADNOC targets 47 million tonnes per annum marketable LNG capacity.
Market Landscape
This deal follows the industry-wide move toward centralizing global LNG distribution through integrated marketing platforms. It aligns with the broader push by major producers to secure long-term offtake agreements in emerging energy markets.
Operators in the energy sector should monitor how major producers use internal trading platforms to consolidate market control and dictate supply terms. Firms relying on imported LNG should reevaluate their procurement strategies to account for the competitive demand from large-scale regional players like Gulf Group.
The takeaway
This deal highlights the importance of securing long-term LNG supply contracts in an increasingly competitive global energy market. Operators should track the expansion of producer-led trading platforms, which are setting new benchmarks for how international cargo delivery and pricing are managed.
Further reading
For broader trends in global supply contracts, see our Oil and Gas section.
Source note: This article includes information reported by Themachinemaker.
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