ADNOC Trading will make the deliveries under the new contract, although the companies did not disclose its duration. Credit: ADNOC.

The Abu Dhabi National Oil Company (ADNOC) has signed a multi-year sales and purchase agreement (SPA) to supply Thailand’s Gulf Group with around two million tonnes of liquefied natural gas (LNG), starting in 2027.

The agreement extends the companies’ LNG relationship, which began with their first supply contract in 2025.

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ADNOC Trading will make the deliveries under the new contract over a multi-year period, although the companies did not disclose its duration or other commercial terms.

Gulf Group is an energy and infrastructure conglomerate.

The deal covers LNG deliveries into Asia and follows ADNOC Trading’s direct LNG supply activities in the region.

ADNOC downstream industry, marketing and trading acting CEO Nasser Al Muhairi said: “This agreement builds on our first LNG supply agreement with Gulf Group and reinforces ADNOC’s commitment to ensuring reliable energy supplies to Thailand and our Asian customers.

“It marks another milestone in ADNOC’s global LNG marketing and trading platform, enhancing the scale, flexibility and optionality of our LNG solutions to meet growing global demand.”

ADNOC said its LNG marketing and trading platform facilitated the agreement. The company launched the platform in the Abu Dhabi Global Market in July 2026, combining its LNG marketing and trading operations within one commercial structure.

The platform is intended to provide greater flexibility in LNG marketing and shipping arrangements, according to ADNOC.

The company remains the counterparty for LNG trading transactions and links its LNG portfolio with customers in international markets.

ADNOC has set a target of 47 million tonnes per annum (mtpa) of marketable LNG capacity beyond 2030. The company said the platform is intended to support the management and optimisation of a wider LNG portfolio as that capacity grows.

ADNOC Trading has built a third-party LNG portfolio over four years and operates from offices in Singapore, Geneva and Abu Dhabi.

In July this year, ADNOC finalised a 15-year SPA to supply 1mtpa of LNG to Inpex from the Ruwais LNG project.