Deal expands cooperation across LNG, crude, sulfur, maritime transport, chemicals and international investments.
Abu Dhabi: ADNOC and XRG have signed a strategic collaboration agreement with Japan’s Mitsui & Co. to explore new opportunities across multiple energy sectors, including LNG, crude oil, sulfur, shipping, chemicals and global energy investments.
The agreement was signed during Sultan Al Jaber’s visit to Japan, where he is holding meetings aimed at strengthening energy and investment partnerships. The visit brings together his roles as UAE Minister of Industry and Advanced Technology, UAE Special Envoy to Japan, Managing Director and Group CEO of ADNOC, and Executive Chairman of XRG.
The agreement establishes a framework for collaboration across several areas, including crude oil market development and long-term supply arrangements, LNG trading and optimisation, sulfur sourcing and logistics, as well as shipping solutions for LNG, ammonia, sulfur and other commodities.
“This agreement expands our collaboration across the energy value chain — from LNG, crude oil and sulfur to shipping and chemicals — while, through XRG, creating new opportunities for international investment and lower-carbon growth,” said Nasser Al Muhairi, Chairman of Ruwais LNG.
“By combining our complementary strengths, we aim to strengthen supply resilience, deliver greater value to customers and unlock sustainable, long-term growth opportunities across Asia,” he added.
The agreement also expands XRG’s role in exploring international energy investment opportunities with Mitsui, including potential projects focused on lower-carbon growth and the global energy transition.
Focus on lower-carbon fuels
ADNOC and Mitsui will also explore potential collaboration in lower-carbon fuels and chemicals, including methanol and other projects at TA’ZIZ.
The fuels and chemicals component adds a wider industrial dimension to the agreement, linking energy supply, trading, shipping and downstream manufacturing activities.
“This Strategic Collaboration Agreement reaffirms Mitsui & Co.’s steadfast commitment to the UAE,” said Kenichiro Yamaguchi. “We are confident that it will pave the way for an even stronger partnership with ADNOC and XRG across the energy and chemicals value chain. Mitsui & Co. respects its long and successful relationship with ADNOC since the 1970s, and we sincerely appreciate this opportunity to formalise a broad-based and multifaceted framework for future collaboration.”
Japan remains a key market
Japan has remained one of ADNOC’s most important strategic partners for decades, with Mitsui’s relationship with the Abu Dhabi energy company tracing back to the 1970s.
The latest agreement comes as ADNOC continues to expand its LNG, trading and international investment platforms, with XRG playing a key role in pursuing growth opportunities beyond the UAE.
