ADNOC Gas plc has signed an LNG supply agreement, valued between US$500mn and US$700mn with JERA Global Markets, a trading subsidiary of JERA Co., Inc., building on the long-standing relationship between the UAE and Japan
ADNOC’s LNG production facilities on Das Island supplied LNG to the Tokyo Electric Power Company (one of the parent companies of JERA Co., Inc.) for over 40 years. This new supply agreement with JERA Global Markets renews and extends this partnership.
This agreement follows several significant international LNG sales agreements that ADNOC Gas has recently signed, including agreements with PetroChina International Co., Ltd. (PCI), Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, and India Oil Corporation (IOCL). The total value of LNG supply agreements signed by ADNOC Gas since its listing in March this year is between US$9.4bn and US$12bn.
Ahmed Alebri, chief executive officer of ADNOC Gas, said, “This LNG supply agreement marks a significant milestone in ADNOC Gas’ long-standing strategic partnership with JERA Co., Inc, demonstrating our continuous and shared commitment for advancing sustainability in the energy sector and supporting a reliable and cleaner energy future for Japan and beyond.”
Kazunori Kasai, chief optimization officer, JERA Co., Inc. and Chairman, JERA Global Markets, said, “We are pleased to continue our LNG partnership with ADNOC Gas as the JERA Group continuously looks towards strengthening our global LNG portfolio with stable, flexible and competitive LNG supply, which is essential in the energy transition.”
