Global gas processing company ADNOC Gas plc announced yesterday that it has signed a five-year LNG supply agreement with Japan Oil Exploration Company Limited (JAPEX).
The contract, worth between 1.65 billion dirhams ($450 million) and two billion dirhams ($550 million), builds on ADNOC’s track record in strengthening long-standing bilateral relations between the UAE and Japan and strategic partnerships with Japanese energy companies. .
Ahmad Al-Abri, CEO of ADNOC Gas, said: “Japan is one of the UAE’s most important and largest partners in the energy sector, and we are delighted to strengthen this relationship by signing an agreement with Japan Oil Exploration Co., Ltd. (JPEX), the move for the supply of liquefied natural gas. Establishes our position as a preferred global partner, and cements ADNOC Gas’ growing presence in global markets and particularly in the Asian market.
Natural gas plays an important role as a transition fuel due to its low carbon emissions compared to other fossil fuels. It is also an important source of raw materials for industrial value chains. ADNOC Gas will continue to capitalize on the opportunities presented by ADNOC’s integrated gas program, which aims to connect elements of the gas value chain in the UAE. Local and global markets.
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