{
  "id": 12161186,
  "title": "Adnoc signs Thai LNG deal after Iran war disrupts Gulf supply",
  "url": "https://urgent.news/2026/10/05/adnoc-signs-thai-lng-deal-after-iran-war-disrupts-gulf-supply-12161186",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T13:10:56.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/energy/2026/10/05/adnoc-signs-thai-lng-deal-after-iran-war-disrupts-gulf-supply/"
  },
  "original_language": "en",
  "account": "Adnoc has entered into a multi-year agreement to supply approximately two million tonnes of liquefied natural gas (LNG) to Thailand's Gulf Development Company. This deal aims to bolster Thailand's access to fuel amidst disruptions caused by the Iran war, which has impeded supplies from the Middle East. The agreement, set to commence in 2027, does not disclose specific pricing, contract duration, or the origin of the cargoes. It expands on a prior LNG supply deal between the companies signed in 2025.\n\nThe recent agreement comes as Thailand seeks to diversify its LNG sources following the war's significant reduction of shipments from the Gulf. Natural gas constitutes over 60% of Thailand's power generation, while approximately 24% of its LNG imports—consisting of around 2.2 million tonnes annually—typically traverse the Strait of Hormuz, predominantly sourced from Qatar. State-owned PTT is also exploring alternative supplies, such as from Oman, Mexico, and Canada.\n\nThe war has disrupted the global LNG market, which was already entering a period of reduced seasonal demand. The strategically important Strait of Hormuz remains largely closed, with QatarEnergy declaring force majeure in early March, and an Iranian missile strike on March 18 causing a 17% reduction in Qatar's LNG production capacity. As a result, cargo cancellations to Asian buyers have been extended through November, contributing to a sharp rise in prices in Asia and Europe to their highest levels since late 2022.\n\nGulf LNG exports are currently well below pre-war levels, with only about three shipments per day. Nasser Al Muhairi, Adnoc's acting chief executive of the downstream industry, marketing, and trading, stated that the new agreement aligns with Adnoc's commitment to providing reliable energy supplies to Thailand and its Asian customers. Sarath Ratanavadi, CEO of Gulf Development, emphasized that the deal will enhance the company's diversified and resilient LNG portfolio, granting them greater flexibility to meet growing demand. Adnoc aims to market 47 million tonnes of LNG annually beyond 2030 as it continues to expand its portfolio and trading operations.",
  "summary": "Adnoc has agreed to supply about two million tonnes of liquefied natural gas to Thailand ’s Gulf Development, boosting the country's access to the fuel as the Iran war disrupts supplies from the Middle East. Deliveries under the multi-year sales and purchase agreement are to start in 2027, Adnoc said on Monday. The company did not disclose prices, the length of the contract or where the cargoes…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "Adnoc signs Thai LNG deal after Iran war disrupts Gulf supply",
        "url": "https://urgent.news/2026/10/05/adnoc-signs-thai-lng-deal-after-iran-war-disrupts-gulf-supply",
        "published": "2026-10-05T13:10:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}