BAKU, Azerbaijan, October 6. Abu Dhabi National
Oil Company (ADNOC) has signed a multi-year agreement to supply
around 2 million metric tons of liquefied natural gas (LNG) to
Thailand’s Gulf Group.


Under the sales and purchase agreement, ADNOC Trading will
deliver the LNG to Gulf Group starting in 2027, ADNOC said on
October 5.


The deal extends a partnership established in 2025, when the two
companies signed their first LNG supply agreement, and further
expands ADNOC Trading’s direct LNG deliveries to Asian markets.


“This agreement builds on our first LNG supply agreement with
Gulf Group and reinforces ADNOC’s commitment to ensuring reliable
energy supplies to Thailand and our Asian customers,” said Nasser
Al Muhairi, acting CEO of ADNOC Downstream Industry, Marketing &
Trading.


The agreement is also a further step in the development of
ADNOC’s global LNG marketing and trading platform, he added, saying
it would enhance the “scale, flexibility and optionality” of the
company’s LNG solutions to meet growing global demand.


Gulf Group CEO Sarath Ratanavadi said the agreement supports the
company’s strategy of building a diversified LNG portfolio and
strengthening its position across the gas value chain.


“By securing midstream infrastructure, shipping capacity and
relationships with leading suppliers, we are strengthening every
link of our value chain,” Ratanavadi said.


The agreement comes as the global LNG market continues to face
supply and shipping disruptions linked to the conflict in the
Middle East and risks surrounding the Strait of Hormuz, a key
transit route for Gulf LNG.







Qatar and the UAE account for a significant share of LNG shipped
through the strait, with most of their LNG exports destined for
Asia. The International Energy Agency said disruptions to shipping
through Hormuz had reduced LNG supplies from Qatar and the UAE by
more than 300 million cubic metres per day since March, equivalent
to more than 2 billion cubic metres a week.


Qatar has also extended force majeure notices on LNG deliveries
to some European and Asian customers, while its exports fell
sharply after the disruption to shipping through the strait.


The IEA has noted that around 93% of Qatar’s and 96% of the
UAE’s LNG exports previously transited the Strait of Hormuz, with
no alternative route capable of bringing comparable volumes to
international markets.


Against this backdrop, ADNOC is expanding its LNG trading
capabilities. The company launched its global LNG marketing and
trading platform in Abu Dhabi Global Market in July 2026, bringing
its LNG marketing and trading activities together under a single
platform. ADNOC is targeting 47 million tonnes per year of
marketable LNG beyond 2030, which would place the company among the
major global LNG suppliers.


ADNOC Trading, which remains the counterparty for the company’s
LNG trading activities, has built a third-party LNG portfolio over
the past four years and operates from Abu Dhabi, Singapore and
Geneva.


The company said the platform is designed to increase
flexibility and shipping options while connecting ADNOC’s LNG
portfolio with customers in key international markets.


ADNOC’s LNG strategy is supported by its existing production
base and planned capacity growth. The company is seeking to expand
its position not only as an LNG producer but also as a global
marketer and trader, allowing it to source and deliver cargoes
beyond its own production portfolio.