Adnoc signs new agreement to supply LNG to India's Gujarat Energy
Andoc has signed a long-term sales and purchase agreement with India’s Gujarat Energy, to supply liquefied natural gas from the international gas portfolio of XRG, Adnoc’s international investment company, amid strengthening of energy ties with New Delhi. As part of the agreement, Gujarat Energy will receive up to 4 million tonnes of LNG over 10 years, starting in 2028, Adnoc said in a statement…
Adnoc, a leading energy company, has entered into a long-term sales and purchase agreement with India's Gujarat Energy. This agreement pertains to the supply of liquefied natural gas (LNG) from Adnoc's international gas portfolio, managed by XRG, Adnoc's investment firm. The deal, announced on Friday, signifies a strengthening of bilateral energy ties between the two nations.
Under the terms of the agreement, Gujarat Energy will receive up to 4 million tonnes of LNG over a 10-year period, commencing in 2028, according to Adnoc's statement. This marks the first sale of LNG from XRG's international portfolio and Adnoc's fifth LNG supply agreement with India. Rashid Al Mazrouei, Adnoc's chief marketing and origination officer for LNG, expressed that this agreement bolsters Adnoc's longstanding energy partnership with Indian customers.
Through their integrated LNG marketing and trading platform, Adnoc is linking their expanding international gas portfolio with customers in key global markets, while also ensuring India a dependable, adaptable, and long-term LNG supply.
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