Abu Dhabi, UAE – ADNOC Gas, an integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Company (JAPEX), a Japan-based energy company.
The agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), builds on the long-standing bilateral relationship between the UAE and Japan and ADNOC’s track record of fostering mutually beneficial strategic partnerships with Japanese energy companies.
“Japan is one of the UAE’s largest and most important energy partners and we are very pleased to strengthen this relationship through this LNG supply agreement with JAPEX,” Ahmed Alebri, Chief Executive Officer of ADNOC Gas, said. “The agreement reinforces ADNOC Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence, particularly in the Asian LNG market.”
Natural gas plays a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels. It also serves as an important raw material in industrial value chains.