Adnoc Gas, a global gas company in Abu Dhabi UAE, has signed a 5-year agreement to supply liquefied natural gas (LNG) to Japan Oil Exploration Co., Ltd. (Japex).
Mentioning that Adnoc is between Top UAE’s investment companies on Forbes list
The approximate value of the agreement between Adnoc Gas PJSC and Japex is around AED 2 Billion.
Moreover, the agreement is based on the long-standing bilateral relations between the United Arab Emirates and Japan.
In addition to Adnoc’s track record of forging strategic partnerships with Japanese energy companies.
On this occasion, Ahmed Al Aburi, CEO of Adnoc Gas, said:
“Japan is one of the UAE’s most important and largest energy partners.
We are glad to contribute to strengthening this relationship by signing an agreement with Japex.
Since this step enhances our position as a preferred global partner for LNG supply.
This surely confirms Adnoc Gas’ growing presence in global markets, especially the Asian market.”
Natural gas plays a key role as a transitional fuel due to its lower carbon emissions compared to other fossil fuels.
It is also an important source of raw materials for industrial value chains.
It is also an important source of raw materials for industrial value chains.
Adnoc Gas will continue to leverage the opportunities offered by Adnoc’s Integrated Gas Master Plan.
Which aims to connect the gas value chain components in the UAE.
In order to ensure providing sustainable and economic supplies of natural gas.
And also to meet the growing demand in local and global markets.
During the past year, foreign trade between the UAE and Japan was distributed as per the following:
-Re-exports worth 3.4 billion dirhams.
-Non-oil exports worth 6.5 billion dirhams.
-Imports amounted to 44.1 billion dirhams.
Furthermore, on the list of top 5 commodities cars were the first commodity re-exported to Japan last year.
Since the value of cars re-export was 1.3 billion dirhams.
Second on the list was car parts and accessories; worth 417 million dirhams.
Third on the list were tires; worth 274 million dirhams.
Fourth and fifth were jewelry; worth 150 million dirhams and precious metal scraps; worth 105 million dirhams.
You can continue reading about the Growing Non-Oil Trade between the UAE and Japan
By last July, the Prime Minister of Japan Fumio Kishida visited the UAE and met His Highness Sheikh Mohammed bin Zayed.
The two countries announced that 23 MoUs’ and agreements had been signed between various government and private entities, covering the following sectors:
-Sustainability and renewable energy.
-Health.
-Space science and technology.
-The environment.
-Transport.
-Infrastructure.
-Industry.
As well as other vital areas.
You can read the full article here: Prime Minister of Japan on an official visit to the UAE.
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