ADNOC Signs LNG Supply Deal With Thailand's Gulf Group From 2027

ADNOC will supply roughly two million tonnes of liquefied natural gas to Thailand's Gulf Group under a multi-year sales and purchase agreement that begins deliveries in 2027. The deal, announced on Monday, extends the Abu Dhabi energy group's LNG sales reach into Asia.

ADNOC Trading will handle deliveries over the contract's multi-year term. It is the second LNG supply agreement between the two sides, following an initial deal signed in 2025.

The contract was executed through the marketing and trading platform ADNOC set up in July 2026 at Abu Dhabi Global Market, which pulled its LNG marketing and trading work into a single commercial operation.

ADNOC wants to reach 47 million tonnes a year of sellable LNG after 2030, and ADNOC Trading is to stay the counterparty for trading activity across international markets.

Nasser Al Muhairi, acting CEO of ADNOC Downstream Industry, Marketing & Trading, said the agreement builds on the first supply deal with Gulf Group and widens the company's supply ties with Thailand and other buyers in the region. Sarath Ratanavadi, CEO of Gulf Development, said it supports the group's strategy of building a diversified LNG portfolio backed by trading, shipping capacity and supplier relationships.

ADNOC Trading has assembled a third-party LNG portfolio over the past four years and operates from Abu Dhabi, Singapore and Geneva.

Ruwais project to lift production

Output is set to climb when Ruwais LNG, a 9.6 million-tonne-a-year facility, enters commercial operations in 2028. ADNOC said in July that the project would more than double ADNOC Gas' operated LNG production capacity to about 15 million tonnes a year. Around 90% of Ruwais' capacity has already been committed to buyers in Asia and Europe through long-term agreements.

ADNOC Gas expects to acquire a 60% stake in Ruwais LNG from ADNOC in the second half of 2028, a transaction announced in 2024 at an estimated cost of $5 billion.

Crude exports recover

Middle East crude exports had returned to pre-war levels by late September. Provisional Kpler data put regional shipments at between 19.5 million and 22.5 million barrels a day on September 24 and again from September 27 to 29. The seven-day moving average stood at 18.5 million barrels a day on October 1, above the pre-war average of about 18 million, as Saudi Arabia and the UAE leaned on pipelines, alternative terminals and ship-to-ship transfers to keep exports flowing while cutting their reliance on the Strait of Hormuz.

Leadership and listings

Sultan Al Jaber, ADNOC's group managing director and group CEO, placed second on a 2026 ranking of the region's 100 top chief executives. Several ADNOC-listed companies also appear on a 2026 ranking of the region's 100 most valuable companies: ADNOC Gas was sixth with a market value of $75.4 billion, ADNOC Drilling 23rd at $23.2 billion, ADNOC Distribution 40th at $14 billion and ADNOC Logistics & Services 47th at $11.3 billion.