ADNOC Signs Several Agreements With South Korean Firms
ADNOC announced in a statement that, UAE President H.H. Sheikh Mohamed bin Zayed Al Nahyan and H.E. Yoon Suk Yeol, President of the Republic of Korea, witnessed the signing of a series of ADNOC agreements during a state visit to the Republic of Korea.
This included the development of low-carbon ammonia value chains with our Korean counterparts. Alongside KNOC, GS Energy and Samsung E&A, ADNOC will explore the co-development of production and infrastructure in Abu Dhabi to supply the Korean market with low-carbon ammonia.
ADNOC L&S has signed Letters of Intent with Samsung Heavy Industries and Hanwha Ocean to construct up to 10 newbuild LNG carriers, as we continue to invest in our lower-carbon LNG portfolio to meet rising global demand.
Additionally, ADNOC signed an MoU with Hyosung to explore collaboration opportunities, including across the LPG value chain, such as logistics and supply.
