Adnoc agrees to supply about 2 million tonnes of LNG to Thailand's Gulf Development from 2027

Centre · 2Adnoc said on Monday 5 October 2026 that it has agreed to supply about two million tonnes of liquefied natural gas (LNG) to Thailand's Gulf Development, with deliveries starting in 2027 under a multi-year sales and purchase agreement. 1 2 Centre · 2The agreement was signed by ADNOC Trading and extends a partnership that began with a first LNG supply deal in 2025; the LNG will be delivered into Asia. 2 1 Centre · 1Adnoc did not disclose prices, the length of the contract or where the cargoes will be sourced from, according to The National. 1

Centre · 2Nasser Al Muhairi, acting chief executive of Adnoc downstream industry, marketing and trading, said the deal reinforces Adnoc's commitment to reliable energy supplies for Thailand and its Asian customers, and Gulf News reports he called it another milestone for Adnoc's global LNG marketing and trading platform. 1 2 Centre · 2Gulf Development chief executive Sarath Ratanavadi said the agreement would help build a "diversified, resilient LNG portfolio" and give the company flexibility to meet demand; in Gulf News's account he said it would support the region's energy transition and strengthen every link of Gulf Group's value chain. 1 2 Centre · 1The National places the deal against the Iran war, which began in late February and has sharply curtailed Gulf LNG shipments. It reports that the Strait of Hormuz remains largely shut, QatarEnergy declared force majeure in early March, and an Iranian missile strike on Ras Laffan on 18 March knocked out about 17 per cent of Qatar's LNG production capacity. 1

Centre · 1Citing Krungsri Research, The National says natural gas accounts for more than 60 per cent of Thailand's power generation and about 24 per cent of its LNG imports, around 2.2 million tonnes a year, normally pass through the Strait of Hormuz, almost all from Qatar. It adds that state-controlled PTT has been exploring supplies from Oman, Mexico and Canada. 1 Centre · 1Gulf News does not mention the war and frames the deal as part of Adnoc's push to build a larger presence in global gas markets, describing Gulf Group as Thailand's leading energy and infrastructure conglomerate. 2 Centre · 2The supplies will go through ADNOC Trading and the LNG marketing and trading platform launched in Abu Dhabi Global Market in July, which combines the LNG marketing of ADNOC Gas and XRG with ADNOC Trading's trading capabilities. 1 2

Centre · 2Both outlets report a 47 million tonnes a year target for marketable LNG but give different dates: The National says beyond 2030, Gulf News says by 2035. 1 2 Centre · 1Gulf News adds that the Ruwais LNG project in Abu Dhabi, with 9.6 mtpa capacity from two trains, is due to start commercial operations in 2028, with over 90 per cent of capacity committed to buyers in Asia and Europe. In July Adnoc signed a 15-year deal with Japan's INPEX for 1 mtpa from the project. 2