Jera Global Markets, a joint venture between majority shareholder Japan’s Jera and France’s EDF, and Adnoc Gas announced the deal in separate statements on Monday. Under the terms of
This supply agreement with our long-standing partner ADNOC Gas reflects the active measures we take to ensure that our global portfolio remains diverse, flexible, and competitive,” Kazunori Kasai, Jera’s chief optimization officer and chairman of Jera Global Markets said.
Doubling LNG capacity
Besides the Das Island facility, Adnoc is building its second LNG terminal in the UAE.
Adnoc Gas said in November 2024 it expects to splash about $5 billion to buy a 60 percent operating interest from its parent Adnoc in the 9.6 mtpa Al Ruwais LNG export plant.
BP, Mitsui & Co., Shell, and TotalEnergies agreed to buy a 10 percent equity stake in Adnoc’s LNG export terminal.
In June 2024, Adnoc announced the final investment decision on the Ruwais project and the EPC award to the joint venture led by Technip Energies.
The LNG project will more than double Adnoc’s existing UAE LNG production capacity to around 15 mtpa, as the company builds its international LNG portfolio.
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