Adnoc Gas, JERA agree on $450M LNG supplies

Japan’s JERA, a joint venture between Tokyo Electric Power Company (Tepco) and Chubu Electric Power Company, has signed a $450 million liquefied natural gas supply deal with the Adnoc Gas of the UAE, Report informs via Adnoc.

Under the terms of the agreement revealed on Monday, LNG will be supplied from Adnoc Gas to JERA Global Markets’ global supply portfolio over a period of three years.

JERA said the agreement reinforces the companies’ long-standing relationship established back in 1977 and further builds on the supply agreement signed two years ago between JERA Global Markets and Adnoc Gas.

Volumes will be supplied from Adnoc Gas’ Das Island liquefaction facility, which has a production capacity of approximately 6 million tons per annum.

Tepco in 1977 signed a long-term contract with Adnoc for the supply of LNG from the Das Island liquefaction facilities. As the world's third longest operating LNG plant, Das Island has shipped more than 3500 LNG cargoes worldwide since commencing operations.

Commenting on the latest multimillion-dollar deal, Fatema Al Nuaimi, Adnoc Gas chief executive, said: "This agreement builds on decades of collaboration between Adnoc and JERA, solidifying our shared commitment to ensuring energy security and supporting the global transition to a lower-carbon future.

“By continuing to serve Japan’s growing energy needs, Adnoc Gas demonstrates its position as a reliable partner in the global LNG market,” she said.