Adnoc launches LNG platform to boost oil output, targeting 47 mtpa by 2035

Abu Dhabi National Oil Company (Adnoc) has launched a new global liquefied natural gas (LNG) market and trading platform, a strategic move designed to significantly boost its oil output and market presence.

The platform aims to market a combined 47 million tonnes per annum (mtpa) of LNG by 2035, a target that would place Adnoc among the world's leading LNG suppliers. This ambitious goal is supported by the integration of Adnoc Gas's marketing operations with those of its investment company, XRG, creating a unified trading hub within the Abu Dhabi Global Market.

This consolidation is expected to enhance flexibility and shipping options for Adnoc's expanding LNG portfolio, which includes the Ruwais LNG facility and XRG's international gas and infrastructure projects. The company, with a 50-year history as an LNG supplier, will concentrate its long-term LNG marketing efforts under this new platform, while Adnoc Trading will continue to manage counterparty trading activities without altering existing customer interfaces.

Adnoc's commitment to expanding its LNG capabilities is further evidenced by its growing fleet, which now includes 20 vessels, 14 of which are modern two-stroke carriers. Rashid Al Mazrouei has been appointed Chief Marketing and Origination Officer to oversee the marketing of the combined LNG portfolios. Adnoc CEO Sultan Al Jaber stated the platform represents a "step-change in scale, flexibility and optionality," positioning the company to meet growing global energy demand.

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It marks a step-change in scale, flexibility and optionality of our LNG marketing and trading platform and will further position Adnoc to meet the world’s growing demand for energy.