Connect with us

Business Insights

ADNOC gas and JERA global markets secure multi-year LNG supply agreement

The deal builds on the long-standing ties between the UAE and Japan and backs ADNOC Gas’ position as an international LNG export partner of choice.

The deal builds on the long-standing ties between the UAE and Japan and backs ADNOC Gas’ position as an international LNG export partner of choice.

Strengthening Global Energy Ties

ADNOC Gas plc has revealed a significant multi-year agreement for liquefied natural gas (LNG) supply, with an estimated value ranging from $500 million to $700 million. 

The contract has been established in collaboration with JERA Global Markets, the trading subsidiary of Japan’s major energy player, JERA Co. Inc.

Deepening Bilateral Energy Cooperation

This deal not only underscores the ongoing and productive energy partnership between the United Arab Emirates (UAE) and Japan but also solidifies ADNOC Gas’ position as a preferred global LNG export partner.

The agreement reflects the growing importance of LNG in the global energy landscape and emphasizes the continued commitment of both parties to secure a stable and reliable supply of LNG for their respective energy needs. 

It highlights the UAE’s role as a dependable supplier in the LNG market.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending