ADNOC Gas has entered into a 14-year agreement with Indian Oil Corporation for the export of up to 1.2 million tonnes of liquefied natural gas (LNG) per year to India’s largest energy company. This agreement finalizes the Heads of Agreement between the two companies, with the first LNG deliveries set to begin in 2026.
The deal, valued between $7 billion and $9 billion over its term, marks a significant milestone in the growing partnership between ADNOC Gas and IndianOil.
Fatema Al Nuaimi, CEO of ADNOC Gas, highlighted the agreement’s importance, saying, “This strengthens our long-standing partnership with IndianOil and reflects the strong energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas is proud to support India’s goal of making gas 15% of its energy mix by 2030.”
This deal is part of ADNOC Gas’ broader strategy to expand its customer base. Over the past two years, ADNOC Gas has signed several LNG agreements, ranging from 0.4 million tonnes to 1.2 million tonnes per year, further solidifying its position as a top supplier of lower-carbon LNG to key markets in Asia, such as India.
The LNG will be sourced from ADNOC Gas’ Das Island liquefaction plant, which has a production capacity of up to 6 million tonnes per year. As the world’s third-longest operating LNG facility, Das Island has shipped over 3,500 LNG cargoes since its inception.
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