UAE’s integrated gas processing company ADNOC Gas has entered into a multi-year liquified natural gas (LNG) supply agreement with JERA Global Markets, a subsidiary of Japan’s JERA.
The agreement, valued between $500m and $700m, builds on the long-standing relationship between the UAE and Japan and will strengthen ADNOC Gas’ position as an LNG exporter.
ADNOC Gas has also signed similar agreements with Japan Petroleum Exploration (JAPEX), TotalEnergies Gas and Power, and India Oil Corporation (IOCL).
The total value of LNG supply agreements it has signed since its listing in March this year lies between $9.4bn and $12bn.
ADNOC Gas CEO Ahmed Alebri said: “This LNG supply agreement marks a significant milestone in ADNOC Gas’ long-standing strategic partnership with JERA Co., demonstrating our continuous and shared commitment to advancing sustainability in the energy sector and supporting a reliable and cleaner energy future for Japan and beyond.”