2023-09-07 05:16:03
Abu Dhabi – Mubasher: ADNOC Gas, the global gas processing company, has signed an agreement to supply liquefied natural gas with PetroChina International Limited, a subsidiary of PetroChina Limited, one of the leading oil and gas producers and distributors in China.
The company stated, in a statement, that the value of the agreement ranges from 1.65 to 2 billion dirhams (440 to 550 million dollars), and this agreement confirms the growing global presence of ADNOC Gas, especially in the East and South Asian markets. According to a press release.
Last August, ADNOC Gas signed an agreement to supply liquefied natural gas for a period of 5 years with the Japan Oil Exploration Company Limited (Japex). The value of the agreement ranges between 1.65 billion dirhams (450 million dollars) and 2 billion dirhams (550 million US dollars).
Natural gas plays a pivotal role as a transitional fuel due to its low carbon emissions compared to other fossil fuels. ADNOC Gas continues its commitment to ensuring the provision of reliable, sustainable and economic supplies of natural gas to meet the growing demand for this vital resource in the local and global markets.
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