Arab News Japan

DUBAI: The UAE’s ADNOC Gas and JERA Global Markets Pte. Ltd. announced Monday the signing of a three-year liquefied natural gas (LNG) supply agreement worth $450 million (¥ 70 billion).

The deal aims to reaffirm ADNOC’s position as a reliable supplier of clean energy while supporting Japan’s needs.

According to the Emirates News Agency (WAM), the LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of approximately six million tons per annum.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “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,” she added.

Kazunori Kasai, Chairman of JERA Global Markets, said: “This supply agreement with our long-standing partner ADNOC Gas reflects the active measures we take to ensure that our global portfolio remains diverse, flexible, and competitive.”

This LNG agreement reaffirms the companies’ goals to practice sustainable energy. ADNOC Gas’ Das Island LNG facilities have been a source of stable supply for Japanese energy companies for 48 years, WAM reported.