ADNOC Expands LNG Empire With Major New India Supply Deal

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ADNOC has agreed to supply Gujarat Energy Ltd with up to four million tonnes of LNG over ten years, starting in 2028. The contract is ADNOC's fifth LNG supply agreement in India and a major step in expanding XRG's international gas business.

ADNOC has signed a ten-year deal to supply LNG to Indian Gujarat Energy Ltd, in the first agreement to sell gas from the international gas portfolio of ADNOC’s international investment company, XRG. Gujarat Energy will receive up to 4 million tons of LNG over ten years, starting in 2028, Abu Dhabi’s state energy giant said on Friday. The agreement is ADNOC’s fifth LNG supply agreement in India, as well as a significant step in XRG’s evolution as a globally integrated gas and LNG business. The deal will connect XRG-owned…