Adnoc Launches Unified LNG Trading Hub to Accelerate Growth
In a strategic push to solidify its position as a global leader in the energy sector, Adnoc has unveiled a consolidated liquified natural gas (LNG) marketing and trading platform based in the Abu Dhabi Global Market. By merging the marketing operations of Adnoc Gas with its investment arm, XRG, the company aims to streamline its infrastructure and increase its overall shipping flexibility. This new entity is central to the firmās ambitious growth strategy, which targets a combined marketable output of 47 million tonnes per annum by 2035.
The integration will see long-term marketing efforts centralized while maintaining Adnoc Trading as the primary counterparty, ensuring seamless transitions for existing clients. To lead this initiative, Rashid Al Mazrouei has been appointed as Chief Marketing and Origination Officer, tasked with managing the combined equity portfolios. Supported by a robust logistics networkāincluding a fleet of 20 LNG vessels and a strong international presence in Singapore and GenevaāAdnoc is well-positioned to satisfy the rising global demand for gas, building upon its five-decade history as a reliable energy supplier.