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Revealed by Jessica Casey,
Deputy Editor
LNG Business,
ADNOC Fuel plc, a world-class built-in fuel processing firm, has introduced a five-year LNG provide settlement with Japan Petroleum Exploration Co., Ltd (JAPEX), a Japan-based vitality firm.
The settlement, valued between US$450 million (AED 1.65 billion) and US$550 million (AED 2 billion), builds on the long-standing bilateral relationship between the UAE and Japan and ADNOC’s observe file of fostering mutually useful strategic partnerships with Japanese vitality firms.
Ahmed Alebri, CEO of ADNOC Fuel, stated: “Japan is among the UAE’s largest and most essential vitality companions and we’re very happy to strengthen this relationship by way of this LNG provide settlement with JAPEX. The settlement reinforces ADNOC Fuel’ place as a world LNG export associate of alternative and highlights the corporate’s rising world presence, significantly within the Asian LNG market.”
Pure fuel performs a vital position as a transitional gasoline with decrease carbon emissions in comparison with different fossil fuels. It additionally serves as an essential uncooked materials in industrial worth chains.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/18082023/adnoc-gas-signs-lng-supply-agreement-with-japex/
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On 16 August 2023, Australia, Canada, Chile, Indonesia, Japan, the Republic of Korea, New Zealand, Papua New Guinea, Peru, Chinese language Taipei, and the US met by way of their representatives to reiterate their dedication to the World Methane Pledge.
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