Abu Dhabi National Oil Co. (ADNOC) has entered an agreement to supply about 2 million tonnes of LNG to Thailand’s Gulf Development PCL (Gulf Group) under a multiyear sales and purchase agreement (SPA) beginning in 2027.

This latest agreement for delivery of LNG by ADNOC Trading Ltd. into the Asia-Pacific market extends a supply relationship established through the companies’ previous LNG agreement in 2025 and supports Gulf Group’s efforts to expand its gas procurement and trading activities to bolster supply for its expanding power-generation and industrial gas businesses, ADNOC said in a release Oct. 5.

The SPA was enabled by ADNOC’s LNG marketing and trading platform that—launched in July 2026—consolidates ADNOC’s LNG marketing and trading activities and is intended to provide greater flexibility in portfolio management, delivery locations, and shipping arrangements, the company said.

“This agreement builds on our first LNG supply agreement with Gulf Group and reinforces ADNOC’s commitment to ensuring reliable energy supplies to Thailand and our Asian customers,” said Nasser Al Muhairi, acting chief executive officer of ADNOC Downstream Industry, Marketing & Trading.

ADNOC, which is targeting marketable LNG production of 47 million tonnes/year (tpy) beyond 2030, said its trading business has developed a major third-party LNG portfolio since its formation 4 years ago.

The LNG imports will support Thailand’s gas-market deregulation policy, which is intended to increase competition, improve supply security, and give power producers and industrial users more flexibility in sourcing gas, according to Gulf Group.

Gulf Group chief executive officer Sarath Ratanavadi said the the supply agreement comes as the company continues building a diversified LNG portfolio supported by midstream infrastructure, shipping capacity, and supplier relationships.

Gulf LNG holds a natural gas procurement and shipper license from Thailand’s Energy Regulatory Commission that permits imports of up to 7.8 million tpy of LNG for Gulf Group’s gas-fired generation assets and industrial customers.

Those assets include the Gulf Pluak Daeng and Gulf Sriracha independent power plants, along with 19 small power producer sites. Gulf LNG also plans to supply industrial customers seeking alternatives to traditional gas procurement arrangements.

Gulf Group is also developing and will operate the LNG terminal project located in Map Ta Phut Industrial Estate, Rayong Province, under a public-private partnership with the Industrial Estate Authority of Thailand (IEAT). Designed with a Phase 1 receiving capacity of up to 8 million tpy, the terminal will support the import, storage, and regasification of LNG, strengthening Thailand’s energy infrastructure and enhancing long-term energy security.

Gulf Group said it expects commercial operations to begin at the terminal in the first quarter of 2029.

The infrastructure expansion is anticipated to support additional LNG imports and gas deliveries as Thailand’s industrial and power sectors develop. For Gulf Group, the ADNOC SPA adds longer-term supply to infrastructure and trading capabilities already being established in the country, the company said.

For ADNOC, this latest agreement expands direct LNG deliveries into Asia-Pacific markets and provides another outlet for volumes managed through its integrated global LNG marketing and trading platform.

Gulf Group received its first LNG cargo on Jan. 6, 2025, for Gulf LNG Co. Ltd., a wholly owned subsidiary. The cargo was purchased from ADNOC Trading and regasified at Thailand’s PTT Public Co. Ltd.’s (PTT) Map Ta Phut LNG Terminal 2 before entering PTT’s natural gas pipeline system for delivery to Gulf Group power plants.