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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 amounts to between $450 million and $550 million, Abu Dhabi National Oil Co.’s (ADNOC) integrated gas unit said in a press release last week, not 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 chief executive Ahmed Alebri said in a statement.
“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.”
ADNOC Gas earlier announced a deal with state-owned Indian Oil Corp. Ltd. (IOCL) for the supply of up to 1.2 million metric tons a year of LNG to India.
“The agreement, valued in the range of $7 billion to $9 billion (AED25.7 to AED33 billion) over its 14-year term, signifies a major step forward in the partnership between the two industry leaders”, ADNOC Gas said in a media statement July 18, calling IOCL “India’s largest integrated and diversified energy company”.
It has also entered a three-year deal to supply LNG to TotalEnergies SE starting 2023. The pact with TotalEnergies Gas and Power Ltd. amounts to $1-1.2 billion. “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 news release May 1.
In February, a month after becoming operational, 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 commissioning cargo for the new floating LNG terminal in Brunsbuettel and the first-ever LNG cargo to be shipped to Germany from the Middle East”, ADNOC Gas said February 15.
Alebri said of the milestone, “The global demand for energy is increasing and as we build on the strong economic, energy security and climate action ties between our two nations, ADNOC Gas stands ready to provide further shipments of this key transition fuel to our partner, RWE and German industry”.
The supply contract between state-held ADNOC and RWE Aktiengesellschaft is part of the AE-Germany Energy Security and Industry Accelerator signed September 2022, according to ADNOC Gas.
“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”, ADNOC Gas said in the JAPEX deal announcement.
In August it said it has 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 strategic Maximizing Ethane Recovery and Monetization project aims to achieve dual objectives; firstly, to increase ethane extraction, by a range of 35 – 40 percent, from ADNOC Gas’s existing onshore facilities in the Habshan complex through the construction of new gas processing facilities; and secondly, to unlock further value from existing feedstock and deliver it to Ruwais via a dedicated 120 kilometer natural gas liquids pipeline”, ADNOC Gas said August 9.
“Over 70 percent of the award value will flow back into the UAE’s economy under ADNOC’s successful In-Country Value program, supporting local economic growth and diversification.”
