Abu Dhabi's ADNOC Gas signs 5-yr LNG supply deal with Japex (updated)

Japan Petroleum Exploration Co

17/08/2023 06:19

(Adds context in paragraphs 3 and 4)
       TOKYO, Aug 17 (Reuters) - Abu Dhabi's ADNOC Gas
 ADNOCGAS.AD  said on Thursday it has signed a five-year deal to
supply liquefied natural gas (LNG) to Japan Petroleum
Exploration Co (Japex)  1662.T . 
    The deal is valued at between $450 million to $550 million,
ADNOC Gas said, without providing LNG volumes or timing for the
shipments start. 
    The deal follows Japanese Prime Minister Fumio Kishida's
visit to the UAE and other Gulf states in July, which focused on
securing energy supplies for Japan, which remains highly
dependent on oil and gas imports. 
    ADNOC has previously said that Japan imports approximately
25% of its crude oil from the UAE, making it ADNOC's largest
international importer of oil and gas products.

 (Reporting by Katya Golubkova in Tokyo and Andrew Mills in the
Dubai newsroom; Editing by Himani Sarkar and Jacqueline Wong)
 ((ekaterina.golubkova@thomsonreuters.com;))