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 a strengthening of energy ties with New Delhi. As part of the agreement, Gujarat Energy will receive up to four million tonnes of LNG over 10 years, starting in 2028, Adnoc said in a…
Adnoc, the integrated energy company, has inked a long-term sales and purchase deal with India's Gujarat Energy. This agreement will see Adnoc supply liquefied natural gas (LNG) from its international gas portfolio, managed by XRG, its investment arm, to Gujarat Energy. The agreement, announced on Friday, outlines that Gujarat Energy will receive up to four million tonnes of LNG over a decade, kicking off in 2028.
This marks Adnoc's first sale of LNG from the XRG portfolio and its fifth LNG supply contract with India, reported on Friday. The deal bolsters Adnoc's long-standing partnership with Indian customers, as stated by Rashid Al Mazrouei, the chief marketing and origination officer for LNG at Adnoc. Through their integrated LNG marketing and trading platform, Adnoc is effectively linking its expanding international portfolio with clients in major global markets, simultaneously offering India a dependable, flexible, and long-term LNG supply.
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