ADNOC signs 10-year LNG supply deal with Gujarat Energy Ltd
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What happened
Abu Dhabi National Oil Company signed a 10-year agreement with Gujarat Energy Ltd to procure up to 4 million tonnes of liquefied natural gas (LNG). Supplies are scheduled to begin in 2028, and the contract pricing is linked to the Henry Hub index. This deal represents the first procurement of LNG molecules from ADNOC’s international investment company’s portfolio.
Why it matters
The agreement reinforces ADNOC’s long-term energy partnership with India and contributes to the company’s global LNG marketing and trading platform. This contract is ADNOC’s fifth LNG supply agreement in India.
Gulf states, including Abu Dhabi and Bahrain, are facing shared economic vulnerability, with India being involved in a new economic corridor.
Who's involved
- Abu Dhabi National Oil CompanySigned the 10-year LNG supply agreement