Abu Dhabi National Oil Company (Adnoc) has expressed interest in BP’s liquefied natural gas (LNG) assets and fuel retail business, signaling the possibility of a potential takeover. This interest comes amid significant shifts in the energy sector, as major companies reassess their strategies and align with the growing demand for cleaner energy solutions. Credit: Finimaze...
Russia is currently in advanced discussions with Bahrain regarding a three-year liquefied natural gas (LNG) agreement. Under this proposed deal, Moscow would supply the Gulf kingdom with 1.5 million metric tons of LNG. This information comes from three sources familiar with the ongoing negotiations. If finalized, this agreement would mark the first LNG deal between...
OQ Trading (OQT), a subsidiary of Oman’s integrated energy group OQ, has secured a 15-year agreement to purchase liquefied natural gas (LNG) from Amigo LNG, which is a subsidiary of Singapore-based LNG Alliance. This deal is a crucial step in OQT’s strategy to diversify its LNG supply sources beyond traditional markets, particularly those in the...
Adnoc has signed significant liquefied natural gas (LNG) supply agreements with Chinese companies, marking a crucial step in enhancing economic ties between the UAE and China, the world’s second-largest economy. Under a 15-year contract with a subsidiary of ENN Natural Gas, Adnoc will supply up to one million tonnes of LNG annually, as reported by...