Broadens customer access to ADNOC and XRG’s diverse LNG portfolio
ADNOC recently launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market (ADGM), combining the marketing activities of ADNOC Gas and XRG with the trading capabilities of ADNOC Trading into an integrated commercial platform.
Designed to enhance flexibility and shipping optionality, the move supports ADNOC Gas’ expanding LNG portfolio, including Ruwais LNG, and XRG’s international gas and infrastructure growth, while strengthening customer access globally.
The platform will enhance ADNOC and XRG’s ability to manage a growing and diverse LNG portfolio, building on ADNOC’s five-decade track record as a trusted LNG supplier.
Global LNG players
Targeting 47mn tonnes per annum (mtpa) of combined marketable LNG by 2035, the platform will rank among the leading global LNG players, scaling up ADNOC and XRG’s capacity to optimize a growing and diverse LNG portfolio and reinforce Abu Dhabi’s position as a global energy trading center.
“This 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,” stated HE Dr. Sultan Al Jaber, ADNOC Managing Director and Group CEO, and XRG Executive Chairman.
Meanwhile, Rashid Al Mazrouei has been appointed Chief Marketing & Origination Officer (LNG), with responsibility for overseeing the marketing of the combined equity LNG portfolios of both XRG and ADNOC Gas.
Combined platform
He will lead long-term LNG marketing and origination from ADGM, working closely with ADNOC Trading to centralize marketing activities under the combined platform.
Rashid brings continuity across the combined platform, building on the legacy of ADNOC Gas, which has been a trusted LNG supplier since 1977, delivering more than 3,500 cargoes worldwide.
