Abu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first quarter of 2022 after scaling back its supplies to Japan.
The signing of the Abu Dhabi agreements was witnessed by Bob Dudley, Group Chief Executive of BP, Total Chairman and CEO Patrick Pouyanné and their Adnoc counterpart Ahmed Al Jaber, who is also a Minister of State for the United Arab Emirates.
“BP is delighted to have concluded this LNG supply agreement,” said Robert Lawson, Chief Operating Officer for BP Gas, Integrated Supply and Trading.
“Adnoc LNG is a long-standing supplier to BP’s integrated supply and trading business. We are very pleased to have secured this new multi-year supply agreement,” added Lawson.
Laurent Chevalier, Vice President in the Total Gas, Renewables and Power division said the two-year LNG supply deal contributed to the growth and flexibility of Total’s LNG portfolio and strengthens its longstanding relationship with Adnoc.
“With these new supply agreements, Adnoc LNG has shown that it can react quickly and decisively to changing market conditions while ensuring the security and quality of delivery,’’ said Adnoc LNG's CEO Fatema Al Nuaimi.
“We have also successfully demonstrated our ability to shift from one customer to multiple customers while maintaining our plant’s high reliability and accepting ships from different customers at our jetty,” explained Al Nuaimi.