ADNOC Targets Canadian LNG Assets to Bolster International Gas Portfolio

Abu Dhabi National Oil Company (ADNOC) is evaluating investment opportunities in Canada’s liquefied natural gas (LNG) sector as the state energy firm accelerates its international expansion. The move follows recent multi-billion dollar acquisitions in the United States and Mozambique, signaling a strategic shift toward becoming a major global gas player. Strategic Pivot to North American Exports ADNOC is specifically looking at the Canadian West Coast due to its geographic advantage in reaching Asian markets. Shipping routes from British Columbia to North Asia are significantly shorter than those from the U.S. Gulf Coast, offering lower freight costs and reduced emissions. Musabbeh Al Kaabi, ADNOC’s Executive Director for Low Carbon Solutions and International Growth, recently confirmed that the company is monitoring various Canadian projects for potential entry points. The interest comes as Canada nears the completion of its first major export facility, LNG Canada, led by Shell. Other projects under development, such as the Haisla Nation-led Cedar LNG and the Woodfibre LNG project, are positioning Canada as a low-carbon alternative for energy-hungry economies in Japan, South…