ADNOC today launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market, combining the marketing activities of ADNOC Gas and XRG with the trading and shipping capabilities of ADNOC Trading into an integrated platform.
Designed to enhance flexibility and optionality, the move supports ADNOC Gas’ expanding LNG portfolio, including Ruwais LNG, and XRG’s growing international LNG footprint, while strengthening customer access globally. The platform will enhance the ability to manage a growing and diverse LNG portfolio, building on ADNOC’s five-decade track record as a trusted LNG supplier.
Targeting 47 million tonnes per annum (mtpa) of combined marketable LNG by 2035, the platform will rank among the leading global LNG players, scaling up ADNOC and XRG’s capacity to optimize a growing and diverse LNG portfolio and reinforce Abu Dhabi’s position as a global energy trading center.
With LNG demand set to grow substantially, the world will need reliable, responsible and trusted suppliers at scale. This world-class, integrated commercial LNG platform brings together the full strength of ADNOC’s marketing, trading and shipping capabilities to create a single global hub in Abu Dhabi. It marks a step-change in scale, flexibility and optionality of ADNOCs LNG marketing and trading platform and will further position ADNOC to meet the world’s growing demand for energy.
This is in context of the global demand for natural gas being expected to rise 15% over the next decade, driven partly by data centres and artificial intelligence.