Adnoc inks LNG deal with ENN: Adnoc has signed a long-term liquified natural gas (LNG) supply agreement with China’s ENN Natural Gas subsidiary, ENN LNG, as well as two other LNG supply agreements with Chinese firms, it said in posts on X (here and here). Under the 15-year sale and purchase agreement with ENN, Adnoc will provide it with 1 mn metric tons of LNG annually, supplied from its low-carbon Ruwais LNG project.

State-owned Zhenhua Oil is also set to receive LNG imports, through a five-year agreement starting in 2026, Business Recorder reports, citing a Chinese industry source with knowledge of the agreement. The agreement includes a supply of up to 12 cargoes annually, with deliveries benchmarked to the Japan Korea Marker and Brent oil prices.

A new Beijing office: The agreements were signed during Adnoc CEO Sultan Al Jaber’s visit to Beijing, where the company also inaugurated a new sales and marketing office in China, Adnoc said in the posts.

Background: The agreement with ENN formalizes a previous heads of terms agreement with the firm in 2023  to supply it with LNG from its Al Ruwais project. The company has been converting initial agreements into long-term contracts over the past few months, after securing commitments for at least 8 mn of Ruwais’ 9.6 mn mtpa capacity, including for buyers in China, Japan, Germany, Malaysia, and other countries across Asia and Europe

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