GULF Strengthens Global LNG Portfolio with New Multi-Year Supply Agreement with ADNOC
Gulf Development Public Company Limited (GULF) today announced the signing of a new multi-year Sales and Purchase Agreement (SPA) with ADNOC, one of the world’s leading energy companies, for the supply of liquefied natural gas (LNG) to strengthen GULF’s global LNG portfolio. The agreement will see ADNOC Trading deliver close to 2 million tonnes of […] The post GULF Strengthens Global LNG…
Gulf Development Public Company Limited (GULF) has inked a new multi-year Sales and Purchase Agreement (SPA) with ADNOC, a leading energy company, to bolster its global LNG portfolio. The deal, which kicks off in 2027, will see ADNOC Trading supply GULF with nearly 2 million tonnes of liquefied natural gas (LNG). This agreement marks the continuation of a partnership that began in 2025 with GULF's first LNG supply agreement with ADNOC.
The new SPA aligns with ADNOC's strategy to expand its footprint in the Asian LNG market. GULF's CEO, Sarath Ratanavadi, highlighted that the agreement underscores the company's commitment to a diversified and resilient LNG supply chain, which is integral to its trading business. The deal not only bolsters GULF's LNG portfolio, but also opens up new trading prospects in the Asian market.
ADNOC's Acting CEO, Nasser Al Muhairi, emphasized the importance of the agreement in providing reliable energy supplies to Asian customers and enhancing ADNOC's LNG solutions to meet global energy demands.
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