ADNOC signs $450-$550mln LNG supply deal with PetroChina

Abu Dhabi National Oil Company (ADNOC) signed an agreement valued between $450 million and $550 million, to supply liquefied natural gas (LNG) to PetroChina International (PCI) limited company, according to its statement on Thursday.

“We are pleased to sign this LNG supply agreement with PCI, further strengthening our presence in one of the world’s fastest-growing gas markets,” Ahmed Mohamed Alebri, CEO of ADNOC Gas, said.

The agreement highlights the company’s growing global presence, particularly in the East and South Asian markets, the company added in its statement to the Abu Dhabi Securities Exchange.