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From The East To The Middle East

From The East To The Middle East

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  • Abu Dhabi's ADNOC Gas has inked a five-year agreement with Japan Petroleum Exploration Co. to supply liquefied natural gas (LNG), valued between $450 million and $550 million. Specific details regarding LNG volumes and shipment commencement were not provided in the announcement. This deal follows Japanese Prime Minister Fumio Kishida's July visit to the UAE and other Gulf nations, which aimed to secure energy supplies for Japan, a country heavily reliant on oil and gas imports.
  • ADNOC's significance as a supplier to Japan is underscored by its role as the largest international importer of oil and gas products, with Japan importing around 25% of its crude oil from the UAE. This development builds on ADNOC's ongoing collaborations with Japanese entities to advance low-carbon hydrogen solutions and reduce carbon emissions in both Japan and the UAE. ADNOC had previously signed agreements with Kawasaki and Japan Organization for Metals and Energy Security in April to enhance the value of low-carbon hydrogen. 

Why it matters

The significance of this news lies in ADNOC Gas' continued engagement with Japan, a major consumer of energy resources, and its active efforts to promote cleaner energy solutions through hydrogen collaborations. Additionally, ADNOC's vital role in supplying Japan with both crude oil and now LNG reinforces the economic and energy ties between the UAE and Japan, contributing to energy security for both nations.


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