Adnoc Launches LNG Trading, Marketing Platform on Abu Dhabi's ADGM

Abu Dhabi National Oil Co., d/b/a Adnoc, launched a marketing and trading platform in Abu Dhabi's international financial center ADGM, or Abu Dhabi Global Market. The global platform for trading and marketing liquefied natural gas is meant to boost the flexibility and shipping options for Adnoc Gas' expanding LNG portfolio, the oil giant said Monday. Adnoc noted that the platform will also capitalize on the marketing activities of its international energy investment company XRG. The new platform will target 47 million tonnes per annum of combined marketable LNG by 2035.