Middle East Business: ADNOC Gas signs five-year LNG supply deal with TotalEnergies

TotalEnergies agreed to buy a 30% stake in Malaysia's Lang Lebah and B14 gas fields, with 6.5 trillion cubic feet of resources, pending regulatory approval. The company is also expanding U.S. wind projects to secure tax credits. Additionally, TotalEnergies signed a five-year LNG supply deal with ADNOC Gas for up to 1.6 million tonnes, starting in 2026.

TotalEnergies has agreed to purchase up to 1.6 million tonnes of LNG from ADNOC Gas over five years, with deliveries starting in 2026, according to the company.

ADNOC Gas signed a 5-year deal to supply TotalEnergies with 1.6M tonnes of LNG, or 320,000 tonnes/year. The companies highlight the strategic partnership and ADNOC Gas's global LNG marketing platform. ADNOC Gas aims to market 47M tonnes/year by 2030.

Adnoc Gas, a UAE-based company, signed a 5-year deal with TotalEnergies to supply up to 1.6m tonnes of LNG. The agreement aims to expand Adnoc Gas's global LNG market share. TotalEnergies is a shareholder in Adnoc Gas and a partner in the Ruwais LNG project. Adnoc Gas expects increased production capacity and targets 47m tonnes of LNG per year post-2030. In August, Adnoc Gas reported $8.2B in contracts for gas extraction projects.

South Atlantic Petroleum Ltd. (SAPETRO), founded by Nigerian billionaire TY Danjuma, agreed to buy a 40% stake in an offshore oil block (OPL257) from TotalEnergies SE. TotalEnergies will retain 50% and remain the operator, while Conoil will hold 10%. The deal, pending regulatory approval, involves an oil field potentially tied to an existing facility. TotalEnergies plans an appraisal campaign on the block.

TotalEnergies will acquire a 30% stake in the Lang Lebah and B14 gas fields offshore Malaysia via farm-out agreements with Petronas Carigali, PTTEP, and KUFPEC. The deal aims to unlock 6.5 tcf of gas resources, supporting LNG production. Completion is subject to regulatory approvals, with a signing ceremony held during ADIPEC 2026.