Adnoc Gas plc has inked a five-year LNG sales and purchase agreement with Japan Petroleum Exploration Co. (Japex) as Abu Dhabi aims to sustain and grow its influence on Asian gas markets.

The firms didn’t disclose an annual volume of liquefied natural gas for the contract, but valued the deal at between $450 and $550 million.

“The agreement reinforces Adnoc Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence, particularly in the Asian LNG market,” CEO Ahmed Alebri said.

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In March, state-owned Abu Dhabi National Oil Co. (Adnoc) raised $2.5 billion from an initial public offering (IPO)...