Japan’s JERA, a joint venture between Tokyo Electric Power Company (Tepco) and Chubu Electric Power Company, has inked a $450 million liquefied natural gas (LNG) supply agreement with the UAE’s Adnoc Gas. The three-year deal will see LNG supplied to JERA Global Markets’ international portfolio, further strengthening the long-standing partnership between the two companies.
LNG volumes will be sourced from Adnoc Gas’ Das Island liquefaction facility, which boasts an annual production capacity of approximately 6 million tonnes. Das Island, the world’s third longest-operating LNG plant, has shipped over 3,500 LNG cargoes globally since beginning operations in 1977.
Kazunori Kasai, chairman of JERA Global Markets, emphasized the deal’s significance for energy security:
“As a utility-backed trader, JERA Global Markets’ purpose is to provide energy security to the communities we serve. This supply agreement with our long-standing partner Adnoc reflects the active measures we take to ensure that our global portfolio remains diverse, flexible, and competitive.”
Fatema Al Nuaimi, CEO of Adnoc Gas, highlighted the collaboration’s importance in addressing energy needs while supporting the global energy transition:
“This agreement builds on decades of collaboration between Adnoc and JERA, solidifying our shared commitment to ensuring energy security and supporting the global transition to a lower-carbon future. By continuing to serve Japan’s growing energy needs, Adnoc Gas demonstrates its position as a reliable partner in the global LNG market.”
The deal reinforces a relationship that dates back to 1977 when Tepco signed a long-term contract with Adnoc for LNG supply. This latest agreement underscores the importance of LNG in global energy security and efforts toward a sustainable energy future.
