LNG

Transits of crude oil and LNG tankers through the Strait of Hormuz have slowed sharply over the weekend as shipowners and operators reacted to latest attacks on tankers and stalled U.S.-Iran talks.

Production from ADNOC’s Umm Shaif Gas Cap is expected by 2030, unlocking more than 600 mmcf/d of gas and liquids that will bolster feedstock as ADNOC aims for 47 mtpa of marketable LNG capacity by 2035.

ADNOC has taken a $6.2 billion final investment decision on the Umm Shaif Gas Cap project in Abu Dhabi with partners TotalEnergies, Eni and CNPC. The project will unlock more than 600 million standard cubic feet per day of gas and associated liquids by 2030, or nearly 10% of current UAE gas consumption. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47mtpa of combined marketable LNG capacity by 2035.

India’s Hindustan Petroleum Corp is calling on LNG producers and traders to register interest in supplying spot cargoes and term deliveries. The state-run refiner is understood to look for 1mtpa of LNG under contracts stretching 10-15 years.

ADNOC Logistics & Services has placed an order for four LNG carriers at China’s Jiangnan Shipyard in a deal valued at around US$900 million. Each of the newbuild vessels will have a capacity of 175 000 cubic meters and is scheduled for delivery in 2029.

INPEX, Japan’s largest exploration and production company, has signed a 15-year sales and purchase agreement to offtake 1 mtpa of LNG from ADNOC Ruwais LNG project, further advancing commercialization of the UAE-based liquefaction project.

Abu Dhabi National Oil Company (ADNOC) has launched a consolidated LNG marketing, sales and trading platform, targeting 47 mtpa of marketable LNG by 2035, including future volumes from the Ruwais LNG project.

The US-Iran memorandum has been signed by both presidents, ahead of Friday's scheduled ceremony, and commits Iran to clearing Hormuz of mines within 30 days. Yet ADNOC's carriers are holding back: four sit dark off Khor Fakkan, home from earlier delivery runs, even as Qatar's Disha ran the strait in the open just as the deal broke.

Abu Dhabi National Oil Company’s (ADNOC) is exploring investments in Canada’s upstream and LNG sectors through its affiliate XRG, upstream CEO Musabbeh Al Kaabi said at the at the Global Energy Show in Calgary this week.

ADNOC is preparing to sign orders for a new batch of LNG carriers at Chinese shipyards in the coming days, the head of ADNOC Logistic & Services, Abdulkareem Al Masabi said. Four to six 175,000-cubic-meter LNG carriers will be ordered to accelerate the company’s entry into the global gas trading market. The latest move follows an order for six LNGC’s worth more than $1.2 billion from China's Jiangnan Shipyard, with the first vessel delivered in April.