The UAE’s ADNOC Gas has signed an agreement under which it will supply LNG to energy trading company JERA Global Markets for a period of three years, ADNOC Gas announced on Monday.
LNG will be sourced from ADNOC Gas’s 6-million-tonne-per-year Das Island liquefaction facility. Valued at around USD 450 million, the deal extends a similar supply agreement signed in 2023 between the companies.
“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.
JERA Global Markets is a joint venture between Japanese utility JERA and France’s EDF Trading and manages one of the world’s largest energy portfolios. The company is headquartered in Singapore and has offices in Tokyo, London and Baltimore.
Source: theenergyyear.com