LNG

Jera signs LNG agreement with ADNOC

Jera has signed a memorandum of agreement with ADNOC’s LNG subsidiary to buy up to eight cargoes for three years.
By Staff reporter 8 August 2018 0 32071

Japanese LNG buyer Jera has signed a memorandum of agreement with Abu Dhabi National Oil Co.’s LNG subsidiary to buy up to eight cargoes for three years starting in 2019, Jera said on Tuesday.

The agreement is in line with the Japan Fair Trade Commission ruling on destination clauses that was issued in June 2017.

The deal will help Jera respond to fluctuations in LNG demand and to optimise its operations.