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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that underscores the UAE's growing role as a reliable global energy supplier, ADNOC has signed a strategic long-term agreement with Japan's Inpex. Under the terms of the deal, ADNOC will supply 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) for a period of 15 years. The supplies will be sourced from the Ruwais LNG project, which is scheduled to commence operations in 2028.
This agreement comes as Japan, historically the world's largest LNG importer, seeks to secure its energy requirements amid global market volatility. Inpex is Japan's largest exploration and production company, and this deal strengthens its long-standing investment portfolio in Abu Dhabi. Per market data, Inpex shares (1605.T) closed at 3309 JPY as of July 6, 2026, reflecting steady performance alongside its international expansions.
Traders are monitoring 1605.T price levels, which saw a day high of 3316 JPY on July 6, 2026, as the deal provides long-term supply security. Regarding economic catalysts, recent data showed an improvement in Japan's Tankan Large Manufacturers Index, which reached 22 on June 30, 2026, supporting a positive outlook for industrial energy demand in the coming period.