ADNOC announced the signing of a long-term Heads of Agreement with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the delivery of 1 million metric tonnes per annum of liquefied natural gas.
The LNG will be primarily sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi, and is expected to begin commercial operations in 2028. Under the 15-year agreement, LNG cargoes will be shipped to IndianOil’s destination ports in India.
Rashid Khalfan Al Mazrouei, ADNOC senior vice president, marketing, stated: “India is an important, strategic partner of the UAE, and this agreement underscores ADNOC’s commitment to delivering secure, lower-carbon energy to support the country’s energy security. The agreement also highlights confidence in the Ruwais LNG project, which is an integral part of ADNOC’s strategy to expand our global LNG footprint to meet growing demand today while helping the world transition to a cleaner energy future.”
The agreement strengthens ADNOC’s position in India’s rapidly growing energy market. By 2029, IndianOil is expected to become ADNOC’s largest LNG customer, with a total offtake of 2.2 mmtpa, including 1.2 mmtpa from Das Island and 1 mmtpa from Ruwais LNG.
This LNG supply agreement reflects the success of the Comprehensive Economic Partnership Agreement signed by the UAE and India in 2022, which has bolstered bilateral trade cooperation between the two nations.
The agreement with IndianOil is one of several long-term LNG sales commitments that ADNOC has signed with international partners, covering over 70 percent of Ruwais LNG’s total production capacity. This partnership further solidifies ADNOC’s role in providing lower-carbon energy solutions to meet the growing energy needs of India and supports the broader objective of a global transition to cleaner energy.
For more information visit www.adnoc.ae
