JERA Global Markets Signs $450 Million LNG Supply Agreement with ADNOC Gas

JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has recently inked a significant liquefied natural gas (LNG) supply deal with UAE’s ADNOC Gas and its subsidiaries.

Under the agreement, ADNOC Gas will supply LNG to JERA Global Markets for a period of three years, totaling $450 million. The natural gas will be sourced from ADNOC’s Das Island liquefaction facility, which has a production capacity of around 6 million tonnes per annum.

“As a utility-backed trader, JERA Global Markets is committed to ensuring energy security for the communities we serve. This supply agreement with our trusted partner ADNOC reinforces our strategy to maintain a diverse, flexible, and competitive global portfolio,” stated Kazunori Kasai, Chief Optimization Officer of JERA and Chairman of JERA Global Markets.

This deal expands upon the long-standing partnership between the two companies, spanning over 40 years, and aims to promote sustainable energy practices.

Fatema Al Nuaimi, CEO of ADNOC Gas, emphasized the importance of the agreement, stating: “This collaboration underscores the commitment of both ADNOC and JERA to ensure energy security and support the global shift towards a greener future. By meeting Japan’s increasing energy demands, ADNOC Gas solidifies its position as a reliable player in the global LNG market.”

ADNOC Gas has been actively engaging in similar agreements, including a recent ten-year LNG sales and purchase deal with India’s GAIL, also to be supplied from Das Island. Additionally, the company signed a gas sales and purchase agreement with Emirates Water and Electricity Company (EWEC) last week to aid the UAE’s transition towards a more sustainable water and electricity system.