ADNOC Signs LNG Agreement with Japan

ADNOC Signs LNG Agreement with Japan

Abu Dhabi’s ADNOC Gas has signed a five-year contract to supply liquified natural gas (LNG) to the Japan Petroleum Exploration Co. (JAPEX).

The deal follows Japanese Prime Minister Fumio Kishida’s visit to the UAE and other Gulf states in July, which focused on securing energy supplies for Japan, a could that remains highly dependent on oil and gas imports.

The agreement, valued between $450 million to $550 million, builds on the long-standing bilateral relationship between the UAE and Japan, in addition to fostering ADNOC’s global presence as Ahmed Alebri, ADNOC’s Chief Executive Officer said.

“Japan is one of the UAE’s largest and most important energy partners and we are very pleased to strengthen this relationship through this LNG supply agreement with JAPEX. The agreement reinforces ADNOC Gas’ position as a global LNG export partner of choice and highlights the Company’s growing global presence, particularly in the Asian LNG market,” Alebri noted.

This agreement with JAPEX came after ADNOC Gas’s recently signed LNG supply agreements with TotalEnergies Gas and Power and India Oil Corporation (IOCL).

ADNOC’s commitment to a sustainable supply of international LNG is demonstrated by the planned world-class low-carbon LNG growth project to be constructed in Ruwais Industrial City, Al Dhafra, Abu Dhabi. The project will operate on the renewable and nuclear energy grid, making it one of the least carbon-intensive LNG facilities in the world.

 

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Doaa Ashraf 454 Posts

Doaa is a staff writer with a Bachelor's Degree in Mass Communication, majoring Journalism from Ahram Canadian University. She has 2-3 years of experience in copywriting, and content creation.

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