ADNOC launches a unified platform for marketing and trading liquefied gas globally economy

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Today, Monday, Abu Dhabi National Oil Company (ADNOC) launched a new integrated platform for marketing and trading liquefied natural gas, in a step aimed at strengthening its presence in global markets and increasing its ability to market 47 million tons annually of liquefied natural gas by 2035.

The company said that the new platform, which is based in the Abu Dhabi Global Market, will combine the marketing activities of ADNOC Gas and XRG with ADNOC Trading within one platform, becoming among the largest LNG marketing and trading platforms in the world.

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ADNOC appointed Rashid Al Mazrouei as Head of Marketing and Development of LNG Supply Sources, to supervise the marketing of the LNG business portfolio of ADNOC Gas and XRG.

The company explained that the long-term LNG marketing business will be gradually unified within the new platform, while ADNOC Trading will continue to manage trading activities according to the current mechanisms for dealing with customers, without changing the existing commercial arrangements.

She added that the platform will support the improvement of marketing operations, including future production from the Ruwais facility, while emphasizing that ADNOC Gas’s current contracts and commercial arrangements in the field of liquefied natural gas will remain unchanged.

A paradigm shift

ADNOC CEO and XRG Chairman, Sultan Al Jaber, said that this step “represents a qualitative leap in the size and flexibility of ADNOC’s platform for marketing and trading liquefied natural gas and its ability to take advantage of commercial opportunities.”

ADNOC Trading was established 4 years ago, and has offices in Abu Dhabi, Singapore, and Geneva, while XRG, whose value exceeds $150 billion, seeks to become among the five largest global companies in the gas and liquefied natural gas sector.

XRG announced last year that it aims to reach a production capacity ranging between 20 and 25 million tons annually of liquefied natural gas by 2035, as part of ADNOC’s strategy to expand its investments and strengthen its position in the global energy market.



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