ADNOC-ENN in discussions for LNG supply deal at around 12.6% slope to crude oil

Abu Dhabi National Oil Co. (ADNOC) LNG and ENN LNG (Singapore) Pte. Ltd are currently negotiating to develop their non-binding Heads of Agreement (HOA) for supply of 1 million mt/year LNG for 15 years into a firm deal, with pricing being discussed at around 12.6% slope to crude oil currently, market sources told S&P Global Commodity Insights. The two companies… Abu Dhabi National Oil Co. (ADNOC) LNG and ENN LNG (Singapore) Pte. Ltd are currently negotiating to develop their non-binding Heads of Agreement (HOA) for supply of 1 million mt/year LNG for 15 years into a firm deal, with pricing being discussed at around 12.6% slope to crude oil currently, market sources told S&P Global Commodity Insights. The two companies… Read More