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Last updated : 03/11/2026 - 15h57
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TotalEnergies signs with ADNOC Gas for up to 1.6 million tonnes of LNG

On November 3, 2026, the group announced a liquefied natural gas supply agreement with ADNOC Gas, in the United Arab Emirates.

The announcement comes the day after agreements signed in Malaysia, still subject to approval by the regulator, which aim for a 30% stake in two gas fields intended to supply an already operational liquefaction plant.


TotalEnergies signs with ADNOC Gas for up to 1.6 million tonnes of LNG

Up to 1.6 million tonnes, first deliveries scheduled for 2026

The agreement covers the supply to TotalEnergies of up to 1.6 million tonnes of liquefied natural gas by ADNOC Gas. The first deliveries are scheduled for 2026.

The supplier, listed on the ADX, provides approximately 60% of the marketed gas requirements of the United Arab Emirates and supplies end customers in more than 20 countries.

Its LNG sales feed ADNOC's global marketing and trading platform, which brings together the capabilities of ADNOC Gas, XRG and ADNOC Trading.

A position between Europe and Asia highlighted by both parties

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Stéphane Michel, Chief Executive Officer Gas, Renewables & Power at TotalEnergies, said the agreement “marks a new important step in our long-standing partnership.” He underlined the “ideal geographic position between Europe and Asia” of this new supply.

According to him, it will allow the group to “strengthen its position among the leading global LNG suppliers.”

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, stated: “Global demand for LNG continues to grow, and ADNOC Gas is well positioned to seize this opportunity.” She presents the agreement as a reflection of “the competitiveness of our offering” and of the company’s ability to forge long-term partnerships.

A supply to be compared with the 40 Mt of LNG sold in 2024

TotalEnergies reports having sold 40 Mt of LNG in 2024, which, according to the group, makes it the third largest player in the sector worldwide. It relies on stakes in liquefaction plants in all geographic regions and on access to more than 20 Mt/year of regasification capacity in Europe.

The group has set itself the ambition of increasing its production and long-term LNG purchases by 50% by 2030. The agreement with ADNOC Gas concerns purchases, while the Malaysian agreements relate to gas fields upstream of a liquefaction plant.



Sector Énergie › Pétrole et gaz intégrés


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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 168 472 millions de dollars
  • Quarterly revenue: 168 472 millions de dollars
  • Revenue growth: 23,5 %
  • EBITDA: 43 540 millions de dollars
  • EBITDA margin: 25,8 %
  • Net income: 19 511 millions de dollars
  • 13 792 millions de dollars

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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