Adnoc, an active dealmaker in recent months, recently launched XRG, which is now on the hunt for gas and chemicals deals as it targets an $80 billion enterprise value.
Under the terms of the agreement, JERA will purchase 1 Mtpa of liquefied natural gas (LNG) from Commonwealth’s LNG export facility in Cameron, Louisiana.
Shell, already the world’s largest LNG trader with nearly 70 million tonnes under annual contracts, delivered around 65 million tonnes last year across some thirty countries.
According to the report, over 100 offshore oil and gas blocks are currently producing in the Coral Triangle, with over 450 additional blocks being explored for future extraction.
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