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

Energean’s Profit Rises as Israeli Gas Operations Recover

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

ADNOC, XRG and Mitsui Broaden Energy Cooperation

ADNOC Launches Global LNG Trading Powerhouse

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Current News

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Greater Sunrise Gas Production Pushed Back to 2034

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

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