Bullboard - Stock Discussion Forum Nuvista Energy Ltd NUVSF

Primary Symbol: T.NVA

Energy Oil & Gas E&P

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

Add To Watchlist

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Abu Dhabi's ADNOC Gas Signs 5-Year LNG Supply Deal with Jape

View:

Post by Carjack on Aug 17, 2023 12:07pm

Abu Dhabi's ADNOC Gas Signs 5-Year LNG Supply Deal with Jape

(Reuters) — Abu Dhabi's ADNOC Gas said on Thursday it has signed a five-year deal to supply LNG to Japan Petroleum Exploration Co. (Japex).

The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments to start.

The deal follows Japanese Prime Minister Fumio Kishida's visit to the UAE and other Gulf states in July, which focused on securing energy supplies for Japan, which remains highly dependent on oil and gas imports.

ADNOC has previously said that Japan imports approximately 25% of its crude oil from the UAE, making it ADNOC's largest international importer of oil and gas products.