Printed by Theodore Reed-Martin,
Editorial Assistant
LNG Business,
ADNOC Fuel plc has introduced an settlement, valued between US$450 million – US$550 million, to provide LNG to PetroChina Worldwide Firm Ltd (PCI), a subsidiary of PetroChina Firm Restricted, one of many main oil and fuel producers and distributors in China.
“We’re happy to signal this LNG provide settlement with PCI, additional strengthening our presence in one of many world’s quickest rising fuel markets. China continues to be a key marketplace for ADNOC Fuel, and this settlement additional reinforces our position as a serious LNG provider throughout East and South Asia, and past,” stated Ahmed Mohamed Alebria, CEO of ADNOC fuel.
LNG serves as an essential uncooked materials in industrial worth chains and its versatility permits its utility throughout a broad vary of industries, fostering financial development.
“Power is a crucial space of collaboration between China and the UAE,” commented Wu Junli, Chairman of PCI. “We’re delighted to associate with ADNOC Fuel, an organization dedicated to offering secure and dependable power provide with low-carbon emissions. This settlement signifies an extension of the cooperation between our two firms and reaffirms PCI’s dedication to ADNOC Fuel as our world associate.”
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/12092023/adnoc-gas-signs-lng-supply-agreement-with-petrochina/
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