ADNOC Gas wins LNG supply agreement

ADNOC Gas said it has signed a 10-year LNG supply agreement with GAIL India Ltd. (Image: ADNOC Gas)

Saudi Arabia’s ADNOC Gas announced a 10-year agreement to supply 0.5 million metric tons per annum (mmtpa) of liquified natural gas (LNG) to GAIL India Ltd., India’s leading natural gas company.

ADNOC Gas said the deal underscores the company’s growing global presence, particularly in the Asian LNG market. This agreement follows several significant international LNG sales agreements, including those with Japan Petroleum Exploration Co., TotalEnergies Gas and Power, Indian Oil Corp. (IOCL), and PetroChina International (PCI).

“This long-term LNG supply agreement with GAIL India marks a significant step forward in our commitment to continue providing reliable and sustainable energy solutions to our partners and customers around the world,” said Dr. Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas. “India continues to be a key market for ADNOC Gas, and this latest supply agreement underscores our ongoing dedication to fostering long-term partnerships that promote responsible energy consumption.”

The company said natural gas plays a crucial role as a transitional fuel, with lower carbon emissions compared to other fossil fuels. It also serves as an important raw material in industrial value chains.

Within the ADNOC Group’s broader Gas masterplan, ADNOC is working on a new low-carbon Ruwais LNG project in Al Ruwais Industrial City, Abu Dhabi. The Ruwais LNG project is set to be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world, supporting ADNOC’s accelerated Net Zero by 2045 ambition. When completed, the project is expected to consist of two 4.8 mmtpa LNG liquefaction trains with a total capacity of 9.6 mmtpa.