Abu Dhabi based ADNOC and India's Gujarat Energy Limited have entered into a new agreement to supply liquefied natural gas (LNG) to India, reports state. This agreement is a long-term supply deal spanning a period of 10 years.
Key points
- Up to 4 million metric tonnes of LNG to be supplied annually to India starting from 2028.
- This marks the fifth LNG agreement ADNOC has signed with India.
- This represents the first LNG sale from the international gas portfolio of ADNOC's XRG.
When will the supply commence?
Under the agreement, up to 4 million metric tonnes of LNG per annum is scheduled to be supplied to India, coming into effect from the year 2028.
This marks the first LNG sale carried out from the international gas portfolio held by XRG, the international investment arm of ADNOC. Significantly, this is also the fifth agreement ADNOC has signed to supply LNG to India.
Statement on the energy partnership
Rashid Al Mazrouei, Chief Officer of ADNOC's LNG marketing and trading division, stated that this agreement further strengthens the long-standing energy partnership with India.
