China's ENN, Zhenhua Oil Agree LNG Deals with ADNOC
China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).
ENN Natural Gas said on its official WeChat account on Saturday that the deal covers annual supplies of about one million metric tons for 15 years, marking ADNOC's largest LNG contract with a Chinese buyer, Reuters reported.
Separately, state oil and gas trader Zhenhua Oil agreed a 5-year deal starting 2026 for annual volumes of up to 12 cargoes, said a Chinese industry source with direct knowledge of the agreement.
Zhenhua Oil was not immediately available for comment on a weekend day.
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