Singapore/Abu Dhabi, UAE, 27 January 2025 – JERA Global Markets Pte. Ltd. (“JERA Global Markets”) and ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) (ADX symbol: ADNOCGAS / ISIN: AEE01195A234) today announced the signing of a US$450 million (AED 1.653 billion) LNG supply agreement. Under the terms of the agreement, LNG will be supplied from ADNOC Gas to JERA Global Markets’ global supply portfolio over a period of three years. 

This agreement reinforces the companies’ long-standing relationship established in 1977[1] and further builds on the supply agreement signed between JERA Global Markets and ADNOC Gas in 2023. LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of approximately 6.0 million tonnes per annum (mtpa).

“As a utility-backed trader, JERA Global Markets’ purpose is to provide energy security to the communities that 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,” said Kazunori Kasai, Chief Optimisation Officer, JERA Co., Inc. and Chairman, JERA Global Markets.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: "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.”

[1] In 1977, Tokyo Electric Power Company (TEPCO) signed a long-term contract with ADNOC Gas for LNG supply from ADNOC’s Das Island LNG facilities. JERA Co., Inc. is a joint venture by TEPCO and Chubu Electric Power Company. 

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About JERA Global Markets

JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERA Global Market’s shareholders are among the world’s major utilities. JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Headquartered in Singapore, JERA Global Markets has a global talent pool of close to 300 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Houston). JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$4 billion. JERAGM has been affirmed an AA- Stable credit rating from R&I (upgraded from A+ Stable in October 2024), attributable to a robust business model and solid financial base. For more information, visit www.jeragm.com.

About ADNOC Gas 

ADNOC Gas, listed on the ADX (ADX symbol: “ADNOCGAS” / ISIN: “AEE01195A234”), is a world-class, large-scale integrated gas processing company operating across the gas value chain, from receipt of raw gas feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE’s gas sales and supplies end-customers in over 20 countries. To find out more, visit: www.adnocgas.ae.