ADNOC Gas signs an agreement with JERA worth $500 to $700 million

ADNOC Gas, listed on the Abu Dhabi Securities Market, announced the signing of an agreement to supply liquefied natural gas, with a value ranging from 1.8 to 2.5 billion dirhams (equivalent to 500 to 700 million dollars) with Jera Global Markets, a subsidiary of Jera Group.

This agreement consolidates the long-term bilateral relations between the UAE and Japan and enhances ADNOC Gas's position as a preferred global partner for the export of liquefied natural gas.

Japan is a vital partner to the UAE in the energy field, and this agreement reinforces ADNOC’s track record in strengthening strategic partnerships with Japanese energy companies.

On this occasion, Ahmed Al Abri, CEO of ADNOC Gas, said: The LNG supply agreement between ADNOC Gas and JERA constitutes a milestone in the long-term strategic partnership between the two companies, and reaffirms our continued and joint commitment to enhancing sustainability in the energy sector and supporting us to build a future that depends on... Reliable and clean energy sources for Japan and other countries.

Natural gas plays a pivotal role as a transitional fuel due to its low carbon emissions compared to other types of fossil fuels. It is also an important source of raw materials for industrial value chains.

For his part, Kazunori Kasai, CEO of JERA and Chairman of the Board of Directors of JERA Global Markets, said: JERA looks forward to strengthening its global portfolio through stable, flexible and competitive LNG supplies, which is essential during the transition phase in the energy sector.

This agreement comes in the wake of several important international agreements for the sale of liquefied natural gas that ADNOC Gas recently signed, including agreements with PetroChina International Limited, Japan Petroleum Exploration Company Limited, Total Energy and Gas Company, and Indian Oil Company, and the total value ranged The LNG supply agreements signed by the company amount to between 34.5 and 44 billion dirhams (about 9.4 to 12 billion dollars) since its listing in March of this year.

It is worth noting that ADNOC's LNG production facilities on Das Island, which were established in 1970, have supplied Tokyo Electric Power Company, one of JERA's parent companies, with LNG exports for more than 40 years. The new supply agreement comes as a renewal and strengthening of this long partnership.

ADNOC Gas will continue to benefit from the opportunities provided by ADNOC's integrated gas master plan, which aims to link components of the gas value chain in the UAE to ensure the provision of a sustainable and economic supply of natural gas to meet the growing global demand in local and global markets.