What are the key terms of Inpex's LNG deal with ADNOC, including volume, duration, and expected start date?

Inpex Corp. signed a 15-year agreement with Abu Dhabi National Oil Co. (ADNOC) to buy approximately 1 million tons of liquefied natural gas (LNG) per year from ADNOC’s Ruwais LNG project in the Persian Gulf, which is scheduled to begin commercial operations in 2028.

How does this deal fit into Japan’s current LNG import profile from the UAE, and what does the data suggest about the scale of this new supply?

Japan imported less than 700,000 tons of LNG from the United Arab Emirates last year — representing about 1% of its total LNG imports — according to Bloomberg ship-tracking data; therefore, Inpex’s annual purchase of 1 million tons under the new deal would more than double Japan’s current LNG imports from the UAE and significantly increase the UAE’s share in Japan’s overall LNG supply mix.

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

Jul 6, 2026

Japan’s Inpex Corp. signed a 15-year deal with Abu Dhabi National Oil Co. to purchase 1 million tons of LNG annually from the Ruwais project starting in 2028. The agreement secures supply amid geopolitical risks affecting shipping through the Strait of Hormuz.

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