Abu Dhabi's ADNOC Gas Signs 5-yr LNG Supply Deal with Japex

Credit: ADNOC (File image)
Credit: ADNOC (File image)

Abu Dhabi's ADNOC Gas said on Thursday it had signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex).

 The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments start. 

The deal follows Japanese Prime Minister Fumio Kishida's visit to the UAE and other Gulf states in July, which focused on securing energy supplies for Japan, which remains highly dependent on oil and gas imports. 

ADNOC has previously said that Japan imports approximately 25% of its crude oil from the UAE, making it ADNOC's largest international importer of oil and gas products. 

(Reuters - Reporting by Katya Golubkova in Tokyo and Andrew Mills in the Dubai newsroom; Editing by Himani Sarkar and Jacqueline Wong)

Current News

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Sapura Energy Hooks Subsea Ser

RTS Wind Lands Offshore Wind Services Deal with Ørsted

RTS Wind Lands Offshore Wind S

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Philippines' PXP Energy Eyes P

Namibia's NAMCOR Signs Deal with Chevron to Develop Offshore Block

Namibia's NAMCOR Signs Deal wi

Subscribe for OE Digital E‑News

Offshore Engineer Magazine