ADNOC Gas PLC has signed a five-year agreement with Japan Petroleum Exploration Co. Ltd. (JAPEX) for the supply of liquefied natural gas (LNG).
The deal is worth between $450 million and $550 million, Abu Dhabi National Oil Co’s integrated gas unit said. (ADNOC) in a press release last week, without specifying the volume.
“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,” ADNOC Gas CEO Ahmed Alebri said in a statement
“The agreement strengthens ADNOC Gas’ position as a preferred global LNG export partner and highlights the company’s growing global presence, particularly in the Asian LNG market.”
ADNOC Gas earlier announced a deal with state-owned Indian Oil Corp. Ltd. (IOCL) for the supply of up to 1.2 million metric tonnes per annum of LNG to India.
“The deal, valued at $7 billion to $9 billion (AED 25.7 billion to AED 33 billion) over its 14-year term, marks a major step forward in the partnership between the two industry leaders ADNOC Gas said in a media release. statement dated July 18, calling IOCL “India’s largest integrated and diversified energy company”.
It has also signed a three-year agreement to supply LNG to TotalEnergies SE from 2023. The pact with TotalEnergies Gas and Power Ltd. amounts to 1-1.2 billion dollars. “These additional volumes will strengthen our global LNG portfolio, our ability to supply the growing Asian markets and our ambition to accompany our customers in their energy transition,” ADNOC Gas announced in a press release on 1 of May
In February, a month after it went live, it said it had delivered the first LNG from the Middle East to Germany.
“Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000 cubic meters of LNG is the start-up cargo for the new floating LNG terminal at Brunsbuettel and the first LNG cargo to be shipped to Germany since of the Middle East”. ADNOC Gas said on February 15.
Alebri said of the milestone: “Global demand for energy is increasing and as we take advantage of the strong economic, energy security and climate action links between our two nations, ADNOC Gas stands ready to deliver more shipments of this key transition fuel to our partner, RWE and German industry.”
According to ADNOC Gas, the supply contract between state-owned ADNOC and RWE Aktiengesellschaft is part of the AE-Germany Energy Security and Industry Accelerator signed in September 2022.
“ADNOC Gas continues to take advantage of the opportunities arising from ADNOC’s integrated gas master plan that links all parts of the gas value chain in the UAE, ensuring a sustainable and economical supply of natural gas to meet local and international demand ,” ADNOC Gas said in the JAPEX deal. announcement
In August it said it had awarded a $3.6 billion contract for the expansion of its gas processing business in the United Arab Emirates. The contract, won by the joint venture between National Petroleum Construction Co. PJSC and Tecnicas Reunidas SA, involves the commissioning of new facilities.
“The Maximizing Ethane Recovery and Monetization strategic project aims to achieve a dual goal, firstly to increase the extraction of ethane, in the range of 35 to 40 percent, from ADNOC’s existing onshore facilities Gas at the Habshan complex by building new gas processing facilities; and second, unlocking more value from the existing feedstock and delivering it to Ruwais via a dedicated 120 kilometer natural gas liquids pipeline.” ADNOC Gas said on August 9.
“More than 70 percent of the award value will flow back into the UAE economy under ADNOC’s successful In-Country Value program, supporting local economic growth and diversification.”
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