ADNOC Gas has announced the signing of a $450 million (€431 million) three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets.
The agreement reaffirms ADNOC Gas’ position as a reliable global supplier of clean energy while supporting Japan’s energy requirements. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of approximately 6.0 million tonnes per annum (mtpa). As the world’s third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since beginning operations.
Fatema Al Nuaimi, CEO of ADNOC Gas, says: ‘This agreement builds on the robust UAE-Japan energy relationship and decades of collaboration between ADNOC Gas and JERA solidifying our shared commitment to ensuring energy security and enabling a lower-carbon future. We will continue to support Japan’s energy needs and reinforce our position as a reliable partner in the global LNG market.’
Kazunori Kasai, chief optimisation officer, JERA and Chairman, JERA Global Markets, adds: ‘As a utility-backed trader, JERA Global Markets’ purpose is to provide energy security to the communities that we serve. 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 a lower-carbon energy source, LNG plays a critical role in global efforts to transition to cleaner energy solutions. This agreement aligns with both companies’ ambitions to advance sustainable energy practices.
