Team Blitz India
Adnoc Gas has announced a 10-year agreement to supply 0.5 million metric tonnes per annum (mmtpa) of Liquified Natural Gas (LNG) to GAIL India Limited, India’s leading natural gas company.
The agreement January 30 underscores Adnoc Gas’ growing global presence, particularly in the Asian LNG market and further reinforces the relationship between the UAE and India.
Dr. Ahmed Mohamed Alebri, CEO of Adnoc Gas, said, “This long-term LNG supply agreement with GAIL India marks a significant step forward in our commitment to continue providing reliable and sustainable energy solutions to our partners and customers around the world.”
“India continues to be a key market for Adnoc Gas, and this latest supply agreement underscores our ongoing dedication to fostering long-term partnerships that promote responsible energy consumption.”
This agreement follows several significant international LNG sales agreements, including those with Japan Petroleum Exploration Co, (JAPEX), TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI), underscoring Adnoc Gas’ position as a global export partner of choice.
The world continues to witness long-term structural demand growth for natural gas, an important fuel in a just and responsible global energy transition.
Adnoc Gas remains focused on investments that will drive sustainable growth for its business, aligned with customer demand.
In 2023, Adnoc Gas maintained a strong sales momentum signing several LNG agreements valued between $9.4 billion (Dhs34.5 billion) and $12 billion (Dhs44 billion), while continuing to invest domestically to position itself to meet both local and international demand for natural gas.
Adnoc Gas continues to leverage opportunities arising from Adnoc’s integrated gas masterplan, which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.