ADNOC, XRG and Mitsui sign strategic collaboration across the energy value chain
- ADNOC and XRG signed a Strategic Collaboration Agreement with Mitsui to explore LNG, crude oil, sulfur, shipping, chemicals and international energy investments.
- The SCA establishes collaboration on crude 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 the partners will evaluate international investment opportunities and potential collaboration on lower‑carbon fuels and chemicals, including methanol and projects at TA'ZIZ.
- ADNOC supplies around a third of Japan’s crude imports.
Deal overview
ADNOC and XRG have signed a Strategic Collaboration Agreement with Mitsui to unlock new growth opportunities across the energy value chain. The agreement was signed during the visit to Japan by His Excellency Dr. Sultan Al Jaber.
Areas of collaboration
The SCA sets a framework for cooperation across LNG, crude oil, sulfur, shipping and chemicals. Specific areas include 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.
International investment and lower‑carbon options
Through XRG, the parties will evaluate international energy investments and consider collaboration on lower‑carbon fuels and chemicals, including methanol and other projects at TA'ZIZ.
Strategic rationale
The partners say the agreement aims to broaden collaboration across the energy value chain, enhance supply resilience and deliver greater value to customers in Asia. Japan is highlighted as a cornerstone market, with ADNOC supplying around a third of the country’s crude imports.
Source: ADNOC