ADNOC Gas announced the signing of an agreement to supply liquefied natural gas, with a value ranging from 1.65 to 2 billion dirhams ($440 to 550 million) with PetroChina, which is one of the most prominent producers and distributors of oil and gas in China.

This agreement confirms the growing global presence of ADNOC Gas, especially in the markets of East and South Asia.

Natural gas plays a pivotal role as a transitional fuel due to its low carbon emissions, compared to other types of fossil fuels. ADNOC Gas continues its commitment to ensuring the provision of reliable, sustainable and economical supplies of natural gas to meet the growing demand for this vital resource in local and global markets.

For his part, Ahmed Al Abri, CEO of ADNOC Gas, confirmed that the agreement will enhance ADNOC Gas’s presence in one of the fastest growing gas markets in the world, adding that China continues to confirm its position as a major market for ADNOC Gas products, and this agreement comes to consolidate our role as a major supplier of natural gas. Liquefied throughout East and South Asia and other markets.

LNG represents an important raw material for industrial value chains, as its versatility allows it to be used in a wide range of industries, thus enhancing economic growth.

For his part, Wu Junli, Chairman of the Board of Directors of PetroChina BCI, said: Energy is an important area of cooperation between China and the UAE. This agreement enhances the areas of cooperation between the two companies, and reaffirms our company’s commitment to ADNOC Gas as a global partner.

The announcement of this agreement with BCI comes after ADNOC Gas announced the conclusion of several other agreements to sell liquefied natural gas with various companies around the world, including agreements concluded with Japan Petroleum Exploration Company Limited (JAPEX), Total Energies, And the Indian Oil Corporation Limited (IOCL), which confirms ADNOC Gas’s position as a global partner for the export of liquefied natural gas.

It is noteworthy that ADNOC Gas will continue to benefit from the opportunities provided by ADNOC’s integrated gas master plan, which aims to link the components of the value chain to ensure the provision of sustainable and economic supplies of natural gas to enable the UAE to achieve self-sufficiency in it, support growth and economic diversification, and meet the growing demand in local and global markets.