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ADNOC announced on October 5, 2026, that its trading arm had signed a multi-year agreement to supply approximately two million tonnes of liquefied natural gas to Gulf Group, Thailand’s leading energy and infrastructure conglomerate. ADNOC Trading will deliver the volumes into Asia over the contract term beginning in 2027, according to a statement from the Abu Dhabi-based energy giant. The arrangement represents the second LNG supply pact between the parties after their first agreement in 2025 and was arranged through ADNOC’s dedicated LNG marketing and trading platform.
Nasser Al Muhairi, acting CEO of ADNOC Downstream Industry, Marketing and Trading, said in the statement that the agreement builds on the first LNG supply agreement with Gulf Group and reinforces ADNOC’s commitment to ensuring reliable energy supplies to Thailand and its Asian customers. Al Muhairi added that the deal marks another milestone for ADNOC’s global LNG marketing and trading platform, which the company launched at Abu Dhabi Global Market in July 2026 to consolidate commercial operations and improve shipping flexibility. The platform enhances the scale, flexibility and optionality of ADNOC’s LNG solutions to meet rising global demand, he noted.
Sarath Ratanavadi, CEO of Gulf Development, stated that the agreement builds on the relationship established with ADNOC since 2025 and reflects the Thai group’s strategy of developing a diversified, resilient LNG portfolio anchored by its trading business. Ratanavadi explained that securing midstream infrastructure, shipping capacity and relationships with leading suppliers strengthens every link in the value chain. The pact gives Gulf Group greater flexibility and scale to meet growing energy demand while supporting the region’s energy transition, he added.
Thailand-based Krungsri Research data shows that natural gas accounts for more than 60 percent of the country’s power generation, with roughly 2.2 million tonnes of annual LNG imports, or about 24 percent of the total, normally transiting the Strait of Hormuz from Qatar. Regional disruptions linked to the Iran conflict have curtailed Gulf LNG shipments and prompted Thai buyers to diversify sources, a report in The National indicated. The latest supply agreement with ADNOC contributes to those efforts by providing an alternative long-term source for the Southeast Asian market.
An ADNOC assessment found that the company is targeting 47 million tonnes per annum of marketable LNG beyond 2030, a volume that would place it among the world’s leading LNG players. ADNOC Trading has assembled a significant third-party LNG portfolio over the past four years while operating from offices in Abu Dhabi, Singapore and Geneva, the company reported. The new pact with Gulf Group builds on ADNOC Trading’s established direct deliveries into Asian markets.
The LNG marketing and trading platform integrates ADNOC Gas and XRG marketing activities with ADNOC Trading’s capabilities to optimise cargo allocation and respond to market conditions, ADNOC said in the statement. This structure supports the company’s integrated gas growth strategy, including the Ruwais LNG project scheduled to start commercial operations in 2028 with 9.6 million tonnes per annum capacity from two trains. More than 90 percent of Ruwais LNG output has already been committed through long-term contracts to buyers across Asia and Europe, according to ADNOC figures.
