Japan imports around 25% of its crude oil from the UAE. Credit: Markus Winkler from Pixabay.

ADNOC Gas, the natural gas division of the Abu Dhabi National Oil Company, has signed an agreement to supply liquefied natural gas (LNG) to Japan-based energy company Japan Petroleum Exploration (Japex).

The five-year deal is valued at between $450m (Dh1.65bn) and $550m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Details regarding LNG volumes or timing for the commencement of the shipments were undisclosed.

Earlier, ADNOC said the Asian country imports around 25% of its crude oil from the United Arab Emirates (UAE), making Japan the largest international oil and gas products importer for ADNOC, reported Reuters.

ADNOC Gas CEO Ahmed Alebri said: “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.

See Also:

“The agreement reinforces ADNOC Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence, particularly in the Asian LNG market.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a statement to the Abu Dhabi Securities Exchange, ADNOC Gas said: “ADNOC Gas continues to leverage opportunities arising from ADNOC’s integrated gas masterplan, which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.”

The deal comes a month after ADNOC Gas signed a 14-year agreement to supply LNG to Indian Oil Corporation Limited (IOCL).

Under the deal, which is valued at between $7bn and $9bn, ADNOC Gas will supply up to 1.2 million metric tonnes per annum of LNG to IOCL.