ADNOC Gas Signs $450 Million LNG Deal with JERA Global Markets

Deal News | Jan 27, 2025 | Zawya

ADNOC Gas Signs $450 Million LNG Deal with JERA Global Markets

ADNOC Gas, a prominent gas processing company from the UAE, has cemented its four-decade-long relationship with Japanese energy provider JERA Global Markets through a new $450 million liquefied natural gas (LNG) supply agreement. This three-year deal reinforces ADNOC Gas's position as a leading global supplier of clean energy. The LNG will be sourced from its Das Island liquefaction facility, known for its extensive historical operations and capacity. The agreement reflects ongoing efforts by ADNOC Gas and JERA Global Markets to commit to energy security and a transition towards sustainable energy solutions. With a legacy of 48 years of supply to Japan, ADNOC Gas plays a crucial role in securing energy for key global markets.

Sectors

  • Energy & Utilities
  • Natural Gas

Geography

  • United Arab Emirates – ADNOC Gas is based in the UAE, which serves as the country of the target company in the LNG supply agreement.
  • Japan – JERA Global Markets, a key participant in the agreement, is a Japanese company, highlighting the role of Japan in the context of the energy supply.
  • Singapore – JERA Global Markets is headquartered in Singapore, indicating its strategic location in the energy trading landscape.

Industry

  • Energy & Utilities – The article involves a significant LNG supply agreement between ADNOC Gas, an energy company, and JERA Global Markets, emphasizing the energy sector's focus on clean and sustainable energy solutions.
  • Natural Gas – The core focus of the article is on liquefied natural gas (LNG) and its supply arrangements, highlighting the natural gas industry's role in global energy markets.

Financials

  • 450 million USD – The total value of the three-year LNG supply agreement signed between ADNOC Gas and JERA Global Markets.

Participants

NameRoleTypeDescription
ADNOC GasSupplierCompanyA large-scale integrated gas processing company based in the UAE, responsible for supplying LNG from its Das Island facility.
JERA Global MarketsBuyerCompanyA leading utility-backed seaborne energy trader headquartered in Singapore, responsible for securing energy supplies for Japan.
Fatema Al NuaimiChief Executive OfficerPersonCEO of ADNOC Gas, who highlighted the significance of the LNG agreement in reinforcing energy security and sustainability.
Kazunori KasaiChief Optimization OfficerPersonCOO of JERA Co., Inc. and Chairman of JERA Global Markets, emphasizing energy security and diverse portfolio strategies.