Adnoc to supply Thailand with about 2 million tonnes of LNG — The National
UAE energy company Adnoc has concluded a long-term agreement with Thailand’s Gulf Development to supply about 2 million tonnes of liquefied natural gas. Shipments are due to begin in 2027. The parties did not disclose the contract value, its duration or the origins of the cargoes, The National reports.
Second contract between the companies
The new agreement expands cooperation between Adnoc and Gulf Development: they signed their first LNG supply agreement in 2025. Deliveries will be made through Adnoc Trading and its LNG marketing and trading platform, launched in July at the ADGM financial centre in Abu Dhabi.
Nasser Al Muhairi, acting chief executive of Adnoc’s downstream, marketing and trading division, said the agreement should strengthen the reliability of energy supplies for Thailand and the company’s other Asian customers. Gulf Development chief executive Sarath Ratanavadi said the contract would help build a diversified and resilient LNG portfolio and give the company greater flexibility to meet demand.
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Search for alternative supplies
Thailand is seeking to diversify LNG imports amid reduced supplies from the Persian Gulf due to the war in the region. Natural gas accounts for more than 60% of electricity generation in the country. According to Krungsri Research, about 24% of Thailand’s LNG imports — around 2.2 million tonnes annually — usually pass through the Strait of Hormuz, with nearly all of this volume coming from Qatar.
State-owned company PTT considered alternative sources of supply, including in Oman, Mexico and Canada. The National writes that the Strait of Hormuz, through which about one-fifth of global oil and LNG supplies passed before the war began in late February, remains largely closed. The publication also reports that an Iranian missile strike on the Ras Laffan complex on March 18 disabled about 17% of Qatar’s LNG production capacity, while cancellations of certain cargoes for Asian buyers have been extended until November.
