The Abu Dhabi-headquartered gas processing company ADNOC Gas plc and its subsidiaries (ADNOC Gas), have announced the signing of a new $450m (AED 1.653bn) three-year liquefied natural gas (LNG) supply agreement with Japanese based JERA Global Markets Pte. Ltd. (JERA Global Markets).
The LNG will be supplied from Das Island liquefaction facility, which has a production capacity of approximately 6.0 million tons per annum (mtpa).
The Das Island liquefaction facility has shipped over 3,500 LNG cargoes worldwide since the beginning of operations and it is the world’s third longest-operating LNG plant, as ADNOC Gas states.
Das Island LNG facilities and ADNOC Gas have been supplying LNG to Japanese energy companies for 48 years, and this latest new agreement is following a similar 2023 LNG supply agreement.
“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,” said Fatema Al Nuaimi, CEO of ADNOC Gas.
“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,” added Kazunori Kasai, chief optimization officer, JERA Co., Inc. and chairman, JERA Global Markets.
