ADNOC Gas strengthens partnership with JERA Global Markets

WAM

ADNOC Gas plc on Monday announced the signing of a $450 million (AED1.653 billion) 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 tons 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, Chief Executive Officer of ADNOC Gas, said, "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 Co. Inc. and Chairman, JERA Global Markets, said, “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.

ADNOC Gas’ Das Island LNG facilities have been supplying LNG to Japanese energy companies for 48 years.

This latest agreement, building upon a similar 2023 supply agreement, further cements the legacy of collaboration between the UAE and Japan, reflecting ADNOC Gas' role as a preferred LNG supplier to key global markets.

More from Business

  • UAE President issues AI Council resolution

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a resolution to appoint His Highness Sheikh Tahnoon bin Zayed Al Nahyan as Chairman of the Artificial Intelligence and Advanced Technology Council (AIATC).

  • DP World advances first phase of $80m Sokhna Logistics Park

    DP World is advancing with the development of its Sokhna Logistics Park, in Egypt. The $80 million (AED 293 million) state-of-the-art logistics hub, is set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub.

  • Emirates and Air Peace team up to boost Nigeria travel options

    Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest carrier, Air Peace, enhancing connectivity for passengers travelling to and from Nigeria.

  • $640 bn needed annually to meet oil demand growth, says OPEC

    Haitham Al Ghais, Secretary-General of OPEC, said investment needs in the oil sector will remain substantial to meet the expected growth in oil demand, with cumulative investment requirements estimated at $17.4 trillion between 2024 and 2050, or approximately $640 billion annually.

  • ADNOC Distribution reports record financial results for 2024

    ADNOC Distribution has announced its financial results for 2024, achieving its highest-ever Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of $1.05 billion (AED3.86 billion), an increase of 4.8 per cent year-on-year.