ADNOC Gas launches global LNG marketing, trading platform

ADNOC Gas launched a global liquefied natural gas (LNG) marketing and trading platform at the Abu Dhabi Global Market (ADGM). This is to bring together the marketing activities of ADNOC Gas and XRG with the trading capabilities of ADNOC Trading under a fully integrated commercial platform.

In a statement, the company said the platform is designed to enhance operational flexibility and shipping options while supporting the growth of its LNG portfolio, including the Ruwais LNG project and XRG’s international expansion in the gas and infrastructure sectors.

The platform aims to market 47 million metric tons per annum (mtpa) of LNG by 2035, reinforcing Abu Dhabi’s position as a global hub for energy commodities trading.

ADNOC Gas added that all long-term LNG marketing activities will be consolidated under the new platform, while ADNOC Trading will oversee trading operations. Existing commercial arrangements for ADNOC Gas LNG cargoes will remain unchanged.

The company expects the platform to enhance profitability by optimizing its LNG marketing activities, including future production from the Ruwais LNG project.

ADNOC Gas also appointed Rashed Al Mazrouei as Chief Marketing & Origination Officer, where he will oversee LNG portfolio marketing for both XRG and ADNOC Gas, as well as marketing and supply sourcing activities in coordination with ADNOC Trading.