ADNOC centralises LNG trading in Abu Dhabi, targets 47m tpa by 2035
Gas major merges marketing and trading arms as it scales LNG output
Abu Dhabi's ADNOC is centralising its LNG marketing and trading, combining the capabilities of ADNOC Gas, its international investment arm XRG and ADNOC Trading on a single platform based in the Abu Dhabi Global Market. The group is targeting 47m tonnes a year of marketable LNG by 2035, including future volumes from its Ruwais LNG project.
The new setup brings together the LNG marketing of ADNOC Gas and XRG with the trading capabilities of ADNOC Trading, which remains the counterparty for trading activity. Existing ADNOC Gas commercial LNG arrangements and customer relationships are unchanged, and Rashid Al Mazrouei has been appointed chief marketing and origination officer for LNG.
The shipping behind the push is built around ADNOC Logistics & Services, which has expanded its owned LNG carrier fleet to 20 vessels, including 14 modern two-stroke carriers. That gives the group more control over how it moves growing gas volumes to global buyers.
Group chief executive Sultan Al Jaber, who also chairs XRG, framed the move as part of ADNOC's ambition to become a top-tier global LNG player, matching a bigger trading footprint to its rising production capacity.
