ADNOC signs 15-year LNG sales and purchase deal with Indian Oil Corporation Ltd.

ADNOC Gas has signed a landmark 15-year agreement with Indian Oil Corporation to supply liquefied natural gas — strengthening India’s energy security as demand continues to grow. This strategic partnership highlights the importance of global collaborations in delivering reliable, long-term energy solutions for India.

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.