ADNOC LNG Wins Extension of Gas Supply Contract to 2040
The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNGās joint venture partners, Mitsui, BP and Total.The the state-owned oil company of the United Arab Emirates said that the new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire on March 31, 2019.The extension announcement follows the Abu Dhabiās Supreme Petroleum Council (SPC) approval of ADNOCās new integrated gas strategy that will sustain LNG production to 2040 and allow ADNOC to seize incremental LNG and gas-to-chemicals growth opportunities where they arise from the UAEās dynamic demand/supply position and evolving energy mix.Abdulaziz Alhajriā¦
ADT Signs Borouge Packaging Service Deal
Manager and operator of Khalifa Port Container Terminal, Abu Dhabi Terminals (ADT), says it has signed a contract with Borouge, a leading provider of plastics materials, to design, construct and operate a state-of-the-art packaging facility for Borougeās export products at Khalifa Port. The contract was signed by Abdulaziz Alhajri, CEO of Abu Dhabi Polymers Company (Borouge), and Martijn Van De Linde, CEO of ADT, during a ceremony that took place at Borougeās headquarters in Abu Dhabi. The signing ceremony was attended by Wim Roels, CEO of Borougeās Marketing & Sales Company, and senior management officials from Borouge and ADT. Khalifa Port explains that it is the primary UAE gateway for Borougeās products to their customers around the world.