ADNOC Gas Secures 14-Year LNG Supply Deal with Indian Oil
(P&GJ) — ADNOC Gas has signed a 14-year agreement with Indian Oil Corporation Ltd. (IndianOil) to supply up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG). The deal, valued between $7 billion and $9 billion, will begin deliveries in 2026.
"This agreement strengthens our long-standing partnership with IndianOil and is a testament to the dynamic and robust energy ties between the UAE and India," said ADNOC Gas CEO Fatema Al Nuaimi. "As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030."
The LNG will be sourced from ADNOC Gas’ Das Island liquefaction facility, which produces up to 6 mtpa. The plant, one of the world’s longest-operating LNG sites, has shipped over 3,500 LNG cargoes worldwide since operations began.
The agreement builds on ADNOC Gas’ push to expand its customer base, following a series of LNG supply deals signed over the past two years.
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