ADNOC Gas has signed an agreement to supply liquefied natural gas (LNG) to PetroChina International Company Limited, a subsidiary of PetroChina Company Limited.

The contract valued between $450 million and $550 million, according to the company’s statement. 

This agreement will boost ADNOC Gas’ growing global presence, particularly in the East and South Asian markets. 

Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas, said: “We are pleased to sign this LNG supply agreement with PCI, further strengthening our presence in one of the world’s fastest growing gas markets. China continues to be a key market for ADNOC Gas, and this agreement further reinforces our role as a major LNG supplier across East and South Asia, and beyond.”

Commenting on the agreement, Wu Junli, Chairman of PCI, said: “Energy is an important area of collaboration between China and the UAE. We are delighted to partner with ADNOC Gas, a company committed to providing stable and reliable energy supply with low-carbon emissions. This agreement signifies an extension of the cooperation between our two companies and reaffirms PCI’s commitment to ADNOC Gas as our global partner.”