ADNOC signs 10-year LNG supply deal with Gujarat Energy
The agreement marks the first commercial sale from the international gas portfolio of ADNOC's investment arm, XRG.
Abu Dhabi National Oil Co (ADNOC) has entered into a 10-year agreement to provide up to 4 million tonnes of liquefied natural gas (LNG) to Gujarat Energy Ltd starting in 2028, according to Siasat.
The deal represents the fifth LNG supply arrangement ADNOC has made with an Indian company. Previous contracts were signed with Indian Oil Corporation (IOC), GAIL, Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum.
This contract is the first commercial sale from the international gas portfolio of XRG, the investment arm of ADNOC. Through its global marketing and trading platform, XRG will supply gas produced outside the Gulf.
Rashid Al Mazrouei, ADNOC's chief marketing and origination officer for LNG, said the agreement reinforces a commitment to providing reliable, long-term supplies and connects the company's international portfolio with key global markets.
Gujarat Energy Managing Director Avantika Singh Aulakh stated that the partnership allows the companies to join forces. She noted that the company operates a city gas distribution network across 44 districts in six states.
ADNOC's global LNG marketing and trading platform aims to market 47 million tonnes per annum of LNG beyond 2030.