Adnoc Gas, a leading integrated gas processing company, has announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Company (Japex), the Japan-based energy company.

 

The agreement, valued between $450 million and $550 million, builds on the long-standing bilateral relationship between the UAE and Japan and Adnoc’s track record of fostering mutually beneficial strategic partnerships with Japanese energy companies.

 

On the agreement, CEO Ahmed Alebri said: "Japan is one of the UAE’s largest and most important energy partners and we are very pleased to strengthen this relationship through this LNG supply agreement with Japex."

 

"The agreement reinforces Adnoc Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence, particularly in the Asian LNG market," he added.-TradeArabia News Service