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| ADNOC launches global platform for marketing and trading liquefied natural gas |
ADNOC announced the launch of an international platform for marketing and trading liquefied natural gas in the Abu Dhabi Global Market, combining the marketing operations of ADNOC Gas and XRG.
The move aims to enhance operational flexibility and shipping options, and support the growth of ADNOC’s LNG portfolio, including the Ruwais LNG project and XRG’s international expansion of its gas and infrastructure business, enabling customers around the world to access more LNG supplies.
The integrated platform will enhance ADNOC and XRG’s ability to manage their growing and diversified portfolio of liquefied natural gas, building on ADNOC’s five-decade track record as a trusted supplier of this vital resource.
The platform aims to market 47 million tons per year of liquefied natural gas by 2035, making it one of the most important platforms in this field globally. This will support ADNOC and XRG's ability to enhance their growing and diversified portfolio of liquefied natural gas and contribute to consolidating Abu Dhabi's position as a global center for trading and distributing energy products.
Rashid Khalfan Al Mazrouei has been appointed as Head of Marketing and Development of LNG Supply Sources, where he will oversee the marketing of the LNG portfolio business for both XRG and ADNOC Gas, and the marketing and securing of LNG supply sources, starting from the Abu Dhabi Global Market through close cooperation with ADNOC Trading to unify marketing operations within the new integrated platform.
The platform also benefits from XRG’s growing portfolio of liquefied natural gas businesses, supported by the company’s supply centers and offices in Abu Dhabi and London.
Long-term marketing operations for liquefied natural gas will be consolidated within the new integrated platform, while ADNOC Trading will continue to be responsible for trading activities, with no change to the current mechanisms for dealing with customers.
