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ADNOC LNG agree extension of gas supply contract to 2040

Gasoil News - Published on Fri, 16 Nov 2018

Image Source: ET EnergyWorld
Reuters quoted the Abu Dhabi National Oil Company (ADNOC) as saying that it has agreed, in principle, to extend gas supplies to ADNOC LNG to 2040. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire on March 31, 2019.

ADNOC said that it had signed seven term agreements for the sale of over 4.2 million tonnes per year of LNG as it diversifies its LNG customer portfolio.

Source :

Posted By : Joykumar Irom on Fri, 16 Nov 2018
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