Adnoc Secures Long-Term LNG Supply Deal with India's Gujarat Energy

Adnoc has finalized a long-term sales and purchase agreement with India’s Gujarat Energy, committing to supply liquefied natural gas (LNG) sourced from the international portfolio of XRG, Adnoc’s international investment company. This new deal signifies a deepening of energy cooperation between Adnoc and New Delhi.

Under the terms of the agreement, Gujarat Energy is set to receive up to four million tonnes of LNG over a period of 10 years, with deliveries commencing in 2028, according to a statement released by Adnoc on Friday. This transaction represents the inaugural sale of LNG from XRG’s international portfolio and marks Adnoc’s fifth LNG supply agreement with India.

Rashid Al Mazrouei, chief marketing and origination officer for LNG at Adnoc, commented on the agreement, stating, “This agreement with Gujarat Energy strengthens Adnoc’s long-standing energy partnership with customers in India.” He further added, “Through our integrated LNG marketing and trading platform, we are connecting our growing international portfolio with customers in key regions across the global markets, while providing India with reliable, flexible and long-term LNG supplies.”