The long-term agreement between ADNOC Gas and IndianOil, valued between $7 billion and $9 billion over a 14-year period, marks a significant milestone in the ongoing collaboration between the two energy industry leaders. This deal further strengthens the economic and strategic energy ties between the United Arab Emirates and India, reinforcing their commitment to expanding energy cooperation.
Commenting on the agreement, Fatema Al Nuaimi, CEO of ADNOC Gas, highlighted its importance in enhancing energy security and sustainability. “This agreement strengthens our long-standing partnership with IndianOil and reflects the strong and dynamic energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas is committed to supporting India’s ambitious plans to increase the share of natural gas in its primary energy mix to 15% by 2030,” she stated.
This agreement aligns with ADNOC Gas’ broader strategy to diversify and expand its customer base globally. Over the past two years, the company has signed multiple LNG supply agreements ranging from 0.4 million tons per annum (MTPA) to 1.2 MTPA, with contract durations extending up to 14 years.
These deals further solidify ADNOC Gas’ position as a leading supplier of reliable, lower-carbon LNG to high-growth markets in Asia, particularly India.The liquefied natural gas under this contract will be sourced from ADNOC Gas’ Das Island liquefaction facility, which boasts a production capacity of up to 6 million tons per annum.
As one of the world’s longest-operating LNG plants, Das Island has played a crucial role in global energy supply, having shipped more than 3,500 LNG cargoes worldwide since the start of its operations.
