ADNOC LNG Signs Vitol and Total to Supply Agreements
ADNOC LNG signed a supply agreement for up to 6 years with Vitol for the sale of 1.8 mtpa of post-2022 LNG volumes, and a 2-year supply agreement with Total for 0.75 mtpa of 2021 and 2022 LNG volumes.
The agreements continue ADNOC’s transition to a multi-customer strategy that began in 2019, and follow its investment partnership with Vitol in global storage terminal owner and operator VTTI. Since then, the company shifted from supplying 90% of its LNG to Japan to supplying 90% of LNG to clients in more than eight countries from across southern and southeast Asia.
The agreement is also in line with its 2030 gas strategy to deliver value for UAE and meet global demand, which is expected to grow by up to 5% annually over the next 20 years.
ADNOC LNG, owned by ADNOC (70%), Mitsui & Co (15%), BP (10%), and Total (5%), produces about 6 mtpa of LNG from its Das Island facilities off the coast of Abu Dhabi.
Sempra Reaches FID for LNG Export Facility in Mexico
ECA LNG will connect natural gas supply from Texas and the western US to Mexico and other countries across the Pacific Basin. First production from the project is expected in late 2024.
Second Shipment of Modules Ship Out for Mexico FPSO
Modules for the FPSO will travel to Singapore for integration. The FPSO will be located offshore Mexico, with first oil production planned for 2021.
Total Charts LNG-Powered Vessels To Reduce Emissions
The charter agreement for the LNG-propulsion vessels is in line with Total’s Climate Ambition and will cut down on several emissions.
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18 November 2020
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