Adnoc Gas Locks in Multi-Year LNG Supply Deal
LNG buyers and traders gain a five-year supply channel as Gulf suppliers build out integrated marketing and trading.
Updated on Nov. 3, 2026 in Oil and Gas
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Abu Dhabi's Adnoc Gas signed a five-year agreement to supply up to 1.6 million tonnes of liquefied natural gas to TotalEnergies, a shareholder and partner in its operations. For LNG buyers and traders, the deal locks in a multi-year supply channel tied to a long-standing partnership.
Why it matters
Adnoc Gas says the agreement reflects growing LNG demand and confidence in its ability to deliver reliable supplies. The deal arrives as Asia takes a large share of global LNG imports, and as Adnoc scales a combined marketing and trading platform aimed at a much larger volume of marketable LNG beyond 2030.
The agreement covers up to 1.6 million tonnes of LNG over five years, while Adnoc Gas awarded $8.2 billion in engineering contracts this year, of which $3.9 billion went to Phase 2 and $4.3 billion to Phase 3 of its rich gas project. Asia accounted for about 65 per cent of global LNG imports in 2025, and the trading platform targets 47 million tonnes per annum beyond 2030.
The players
Adnoc Gas
Abu Dhabi National Oil Company's gas arm, which supplies roughly 60 per cent of the UAE's sales gas needs and serves end-customers in more than 20 countries.
TotalEnergies
France-based integrated energy major that is a shareholder in Adnoc Gas and a partner in the Ruwais LNG project.
The details
Under the five-year agreement, Adnoc Gas commits volumes of up to 1.6 million tonnes of LNG to TotalEnergies, extending a partnership in which TotalEnergies is already a shareholder in Adnoc Gas and a partner in the Ruwais LNG project. Adnoc is also scaling up a global LNG marketing and trading platform that combines the marketing activities of Adnoc Gas and XRG with the trading capabilities of Adnoc Trading. The planned integration of the Ruwais LNG project is expected to significantly increase Adnoc Gas's production capacity, which would supply the larger trading operation.
Timeline
November 3, 2026: Adnoc Gas announces the five-year LNG supply agreement with TotalEnergies.
August 2026: Adnoc Gas announces $8.2 billion in engineering contracts covering Phases 2 and 3 of its rich gas project.
2025: Asia accounts for about 65 per cent of global LNG imports.
Beyond 2030: The trading platform targets 47 million tonnes per annum of marketable LNG.
Market Landscape
The agreement sits against Asia's roughly 65 per cent share of global LNG imports in 2025, a concentration that shapes where suppliers direct long-term volumes. Adnoc's push to scale a combined marketing and trading platform toward 47 million tonnes per annum beyond 2030 signals a move from supplying single contracts toward a broader trading position.
Buyers and traders of LNG should factor longer-term supply commitments and trading-platform volumes into procurement planning. Companies in gas-dependent sectors should track how the Ruwais integration and the marketing platform affect regional supply availability.
The takeaway
The deal signals that Gulf LNG suppliers are moving toward integrated marketing and trading rather than standalone contracts. Operators in energy procurement should watch for the Ruwais LNG integration milestones and the platform's volume progress as the 2030 target approaches.
Further reading
For broader context on how LNG supply deals are structured, see the Oil and Gas section.
Source note: This article includes information reported by The National.
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