Adnoc + Jera ink LNG supply agremeent: The Abu Dhabi National Oil Company (Adnoc) Gas has inked an AED 1.65 bn (USD 450 mn) three-year LNG supply agreement with Japanese power generating outfit Jera, according to a press release. The volume and start date of the agreement have not been disclosed.

Not their first LNG agreement: The two companies signed a multi-year liquified natural gas (LNG) supply agreement valued at USD 500 mn to USD 700 mn back in October 2023, according to a statement published at the time.

Sourced from Adnoc’s Das Island LNG facility: The LNG will be supplied from Adnoc Gas’ Das Island liquefaction facility, UAE’s only LNG export plant. The facility — which operates at an annual production capacity of 6 mn metric tonnes of LNG — has supplied over 3.5k LNG cargoes worldwide since it started operations in 1977, including to Japanese energy firms for 48 years, according to the statement. Japan’s Mitsui also has a 10% stake in the facility.

Jera has other LNG suppliers in the region: Oman LNG inked a sales and purchase agreement with Jera back in April for the supply of 800k metric tons of LNG annually over a period of 10 years starting in 2025.

Adnoc Gas is on LNG roll: The company has recently secured long-term LNG supply agreements in 2024, including a 10-year supply and purchase agreement with Indian state-owned natural gas company Gail, a 15-year sales and purchase agreement with Sefe Marketing & Trading Singapore for 1 mn tonnes of LNG, and long-term LNG supply agreements to deliver 1.6 mn tonnes per year from the new plant to Shell and Mitsui. It also inked another r 15-year agreement with German energy giant Energie Baden-Württemberg to supply it with 0.6 mn tonnes of LNG per year.

ICYMI- In April 2024, Adnoc Gas revealed its plan to invest USD 13 bn over five years in both domestic and international markets to help the firm expand its processing capacity and reach more customers.

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