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Japan’s Inpex Signs 15-Year Deal to Buy Persian Gulf LNG

Japan’s Inpex Signs 15-Year Deal to Buy Persian Gulf LNG
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Deals Japan’s Inpex Signs 15-Year Deal to Buy Persian Gulf LNG Japan’s state-backed Inpex Corp. signed a 15-year deal with Abu Dhabi National Oil Co. for the supply of liquefied natural gas from its project in the Persian Gulf. Inpex will buy about 1 million tons of the fuel per year from the Ruwais LNG project, which is scheduled to start commercial operations in 2028, Adnoc said in a statement on Tuesday.

Deals Japan’s Inpex Signs 15-Year Deal to Buy Persian Gulf LNG Japan’s state-backed Inpex Corp. signed a 15-year deal with Abu Dhabi National Oil Co. for the supply of liquefied natural gas from its project in the Persian Gulf. Inpex will buy about 1 million tons of the fuel per year from the Ruwais LNG project, which is scheduled to start commercial operations in 2028, Adnoc said in a statement on Tuesday. Japan got less than 700,000 tons of its gas from the United Arab Emirates last year, or about 1% of total imports, according to ship-tracking data compiled by Bloomberg.
Japan (LOCATION) Inpex Signs (LOCATION) Inpex Corp. (ORG) Abu Dhabi National Oil Co. (ORG) the Persian Gulf (LOCATION) Inpex (ORG) Ruwais LNG (ORG) Adnoc (ORG) the United Arab Emirates (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →