ADNOC Gas and GAIL India ink 10-year LNG supply deal
ADNOC Gas plc announced on Tuesday that it has signed a 10-year contract to provide GAIL India Limited, India’s top natural gas company, with 0.5 million metric tons per annum (mmtpa) of liquefied natural gas (LNG).
The agreement highlights the expanding global presence of ADNOC Gas, especially in the Asian LNG market, and strengthens the ties between the UAE and India.
ADNOC Gas has secured several important international LNG sales contracts, including with Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI).
The company said it continues to concentrate on investments that promote sustainable business growth in line with customer needs.
In 2023, it sustained robust sales momentum by signing multiple LNG contracts worth between $9.4 billion (AED34.5 billion) and $12 billion (AED44 billion).
Simultaneously, it continued domestic investments to cater to both local and global natural gas demand.
Ahmed Mohamed Alebri, ADNOC Gas CEO, stated that the long-term LNG supply deal with GAIL India is a crucial advancement in their commitment to offer sustainable energy solutions globally.
He emphasised India’s importance to ADNOC Gas and their dedication to nurturing partnerships that encourage responsible energy use.
ADNOC is developing a low-carbon Ruwais LNG project in Al Ruwais Industrial City, Abu Dhabi, which will be the MENA region’s first clean power-operated LNG export facility. It aims to be one of the world’s lowest-carbon-intensity LNG plants, aligning with ADNOC’s goal of net zero by 2045.
The completed project will have two 4.8 mmtpa LNG liquefaction trains, totalling 9.6 mmtpa capacity.
