Abu Dhabi—Mubasher: ADNOC Gas and its subsidiaries penned a $450 million (AED 1.65 billion) liquefied natural gas (LNG) supply agreement with JERA Global Markets Pte. Limited, according to a press release.
The three-year deal anchors the UAE-based group’s position as a reliable global supplier of clean energy, in addition to supporting Japan's energy requirements.
Under the partnership, ADNOC Gas will supply LNG through its Das Island liquefaction facility, which has an annual production capacity of nearly 6 million tonnes.
This agreement aligns with both companies’ objectives to advance sustainable energy practices.
Fatema Al Nuaimi, CEO of ADNOC Gas, said: "We will continue to support Japan’s energy needs and reinforce our position as a reliable partner in the global LNG market.”
Kazunori Kasai, Chairman of JERA Global Markets, commented: “This supply agreement with our long-standing partner ADNOC Gas reflects the active measures we take to ensure that our global portfolio remains diverse, flexible, and competitive.”
As the world's third longest-operating LNG plant, the Das Island LNG facilities have been supplying LNG to Japanese energy companies for 48 years. It has shipped more than 3,500 LNG cargoes worldwide since beginning operations.
LNG plays an effective role as a lower-carbon energy source, supporting global efforts to transition to cleaner energy solutions.
Earlier this month, the ADX-listed company awarded three contracts for an LNG pre-conditioning plant (LPP) with an aggregated value of $2.10 billion.
