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Adnoc Gas strikes $450m LNG supply deal in Japan

Adnoc Gas CEO Fatema Al Nuaimi said that the company will continue to support Japan’s energy needs Unsplash/Abby Chung
Adnoc Gas CEO Fatema Al Nuaimi said it will continue to support Japan’s energy needs

State-owned Adnoc Gas has signed an AED1.65 billion ($450 million) three-year liquefied natural gas (LNG) supply agreement with Jera Global Markets, an energy trade from Japan.

The LNG will be supplied from the 6 million tonnes per annum (mtpa) Das Island liquefaction facility, the world’s third longest-operating LNG plant.

The facility has shipped more than 3,500 LNG cargoes worldwide since beginning operations.

Adnoc Gas CEO Fatema Al Nuaimi said that the company will continue to support Japan’s energy needs and jointly work towards enabling a lower-carbon future.

The Das Island LNG facilities have supplied LNG to Japanese energy companies for 48 years.

In October 2023, the Adnoc subsidiary signed a multi-year LNG supply pact valued between $500 million and $700 million with Jera Global Markets.

Last December, Adnoc Gas awarded an engineering and design contract for its new gas processing facilities at Bab Gas Cap (BGC) to Australia’s Worley Engineering.

Adnoc Gas has announced plans to acquire Adnoc’s 60 percent stake in the Ruwais LNG plant, at cost, in the second half of 2028, when first production is due.

The company’s LNG production capacity will more than double to over 15 million tonnes per annum in 2029.