Adnoc Gas has finalised a 15-year LNG sales and purchase agreement with Indian Oil Corporation (IOC), converting a prior preliminary deal into a definitive contract.

Under this agreement, Adnoc will supply 1 million tonnes per annum (mtpa) of liquefied natural gas, primarily sourced from its lower-carbon Ruwais LNG project in Abu Dhabi. The Ruwais facility is expected to commence operations in 2028, significantly enhancing Adnoc's LNG production capacity.

This partnership underscores the strengthening energy ties between the UAE and India, aligning with India's goal to have natural gas constitute 15% of its energy mix by 2030. By 2029, IOC is projected to become Adnoc's largest LNG customer, with a total offtake reaching 2.2 mtpa, comprising 1.2 mtpa from Adnoc's Das Island operations and 1 mtpa from the Ruwais project.

The agreement reflects the robust energy relations between the two nations and supports India's efforts to improve its energy security amid growing demand.

This deal also builds upon the UAE-India Comprehensive Economic Partnership Agreement, aiming to bolster trade and economic cooperation.

Adnoc's commitment to providing lower-carbon energy solutions is evident in this long-term partnership, contributing to global decarbonisation efforts.

The deal further solidifies Adnoc's position as a reliable energy supplier in the high-demand Asian LNG market. This collaboration is expected to foster greater industrial and economic integration between the UAE and India.

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