Agreement reinforces ADNOC’s role as a reliable energy provider to Japan and Asian markets
ADNOC and XRG have signed a Strategic Collaboration Agreement (SCA) with Mitsui & Co. to unlock new growth opportunities across the energy value chain.
The agreement was signed during the visit to Japan by HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy to Japan, Managing Director and Group CEO of ADNOC, and Executive Chairman of XRG.
Under the agreement, the companies will explore collaboration across LNG, crude oil, sulfur, shipping and chemicals, as well as international energy investment opportunities through XRG.
“By combining our complementary strengths, we aim to enhance supply resilience, deliver greater value to our customers and unlock sustainable, long-term growth across Asia,” noted Nasser Al Muhairi, Acting CEO of ADNOC Downstream Industry, Marketing & Trading, and Chairman, Ruwais LNG.
Successful relationship
“Mitsui & Co. respects the long and successful relationship with ADNOC since the 1970s, and we sincerely appreciate this opportunity to formalize a broad-based and multifaceted framework for future collaboration,” stated Kenichiro Yamaguchi, Senior Executive Managing Officer, Mitsui & Co.
The SCA establishes a framework for collaboration across multiple strategic areas, including crude oil market development and long-term supply, LNG sales and optimization, sulfur procurement and logistics, and shipping solutions for LNG, ammonia, sulfur and other commodities.
Through XRG, ADNOC and Mitsui will also evaluate international investment opportunities across the energy value chain, alongside potential collaboration on lower-carbon fuels and chemicals, including methanol and other projects at TA’ZIZ.
