ADNOC Gas plc has recently signed a three-year LNG supply agreement worth $450 million with JERA Global Markets Pte. Ltd. This new deal strengthens the longstanding partnership between the UAE and Japan, with ADNOC Gas serving as a key LNG supplier on the global market.
The agreement will see LNG supplied from ADNOC Gas' Das Island liquefaction facility, which boasts a production capacity of around 6.0 million tons per annum (mtpa) and has been operating for 48 years. Das Island is recognized as the world's third longest-operating LNG plant, having shipped over 3,500 LNG cargoes globally.
Fatema Al Nuaimi, CEO of ADNOC Gas, highlighted the significance of the agreement in enhancing energy security and promoting a lower-carbon future for both the UAE and Japan. She emphasized the company's commitment to supporting Japan's energy needs and maintaining its reputation as a reliable LNG supplier on the world stage.
Kazunori Kasai, Chief Optimisation Officer at JERA Co., Inc. and Chairman of JERA Global Markets, expressed JERA's dedication to providing energy security through a diverse and competitive global portfolio. The partnership with ADNOC Gas reinforces these efforts and ensures a stable supply of LNG for communities around the world.
The agreement underscores the critical role of LNG as a lower-carbon energy source in the transition to cleaner energy solutions. ADNOC Gas and JERA Global Markets' collaboration reflects a shared commitment to sustainable energy practices and further solidifies their positions in the global LNG market.
