With a value of 1.65 billion dirhams.. "ADNOC Gas" Strengthens its partnership with "Jira for global markets"
Abu Dhabi, January 27 / WAM / “ADNOC Gas PLC” “ADNOC Gas” announced today the signing of an agreement to supply liquefied natural gas with “Jera International Markets” Company, extending for three years, at a value of 1.65 billion dirhams, equivalent to “450 million dollars”, which… It will contribute to consolidating ADNOC Gas’s position as a reliable global supplier of clean energy, and meeting Japan’s requirements for energy resources.
The LNG will be supplied from ADNOC Gas’s liquefaction facilities on Das Island, which have a production capacity of approximately 6.0 million metric tons per year.
The company’s facility on Das Island is the third oldest LNG producing facility in the world, and since the start of its operations, it has contributed to the export of more than 3,500 shipments of LNG to customers around the world.
Fatima Al Nuaimi, CEO of ADNOC Gas, said: This agreement is based on the close relationship between the UAE and Japan and decades of close cooperation between ADNOC Gas and the Japanese Jira Group, which confirms the commitment of both parties to ensuring energy security and achieving a low-carbon future.
She added: We continue to meet Japan’s energy needs and consolidate our position as a reliable partner in the global liquefied natural gas markets.
For his part, Kazunori Kasai, CEO of Jira and Chairman of the Board of Directors of Jira Global Markets, said: Jira Global Markets is committed to ensuring energy security for the communities it serves, as a pioneer in energy trading supported by dedicated facilities.
Kasai added that this agreement to supply liquefied natural gas contributes to consolidating our long-term bilateral relationship with ADNOC Gas and is in line with the strategic steps we are taking with the aim of strengthening our global portfolio through stable, flexible and competitive liquefied natural gas supplies.
LNG plays a pivotal role in global efforts to transition to clean energy solutions as a low-emission energy resource, while the agreement contributes to aligning the aspirations of the two companies towards promoting sustainable energy practices.
It is noteworthy that ADNOC Gas’s natural gas liquefaction facilities on Das Island have provided Japanese energy companies with LNG exports for more than 48 years.
This new supply agreement comes in support of a similar agreement concluded in 2023, which strengthens the long-term partnership between the UAE and Japan and reflects ADNOC Gas’s leading role as a preferred provider of liquefied natural gas in major global markets.
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