Japan’s Jera Co. announced it had signed memorandum of understanding (MoU) for a liquified natural gas (LNG) supply from the Abu Dhabi Gas Liquefaction Company Ltd (ADNOC LNG), Pipeline Oil and Gas Magazine reported.
Jera, the world’s largest buyer of LNG is slated to purchase up to eight cargoes per annum of LNG from ADNOC LNG for a period of three years from April 2019.
“JERA believes this will contribute to its ability not only to respond to fluctuations in LNG demand, but also to optimise its LNG operations,” the company said in a statement.
Jera is a joint-venture between Tokyo Electric Power Co. and Chuba Electric Power Co.
Jera’s current LNG contract with Abu Dhabi, under which it buys 4.3 million tons per year, ends in March 2019.