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

Reuters
Thursday, August 17, 2023

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)

Categories: LNG Middle East Industry News Activity Asia

Related Stories

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Current News

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

Russia's Lukoil Takes Up Gunvor’s Offer for Foreign Assets

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com