Today: 6 May 2025
30 January 2024
2 mins read

ADNOC Gas, GAIL India sign 10-year LNG deal

This agreement underscores ADNOC Gas’ growing global presence, particularly in the Asian LNG market…reports Asian Lite News

ADNOC Gas plc today announced a 10-year agreement to supply 0.5 million metric tons per annum (mmtpa) of Liquified Natural Gas (LNG) to GAIL India Limited, India’s leading natural gas company.

This agreement underscores ADNOC Gas’ growing global presence, particularly in the Asian LNG market and further reinforces the relationship between the UAE and India.

This agreement follows several significant international LNG sales agreements, including those with Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI), underscoring ADNOC Gas’ position as a global export partner of choice.

The world continues to witness long-term structural demand growth for natural gas, an important fuel in a just and responsible global energy transition.

ADNOC Gas remains focused on investments that will drive sustainable growth for its business, aligned with customer demand. In 2023, ADNOC Gas maintained a strong sales momentum signing several LNG agreements valued between $9.4 billion (AED34.5 billion) and $12 billion (AED44 billion), while continuing to invest domestically to position itself to meet both local and international demand for natural gas.

Dr. Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas, said, “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. 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.”

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.

ADNOC Gas continues to leverage opportunities arising from ADNOC’s integrated gas masterplan, which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.

Within the ADNOC Group’s broader Gas masterplan, ADNOC is progressing a new low-carbon Ruwais LNG project, currently under development 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.

ALSO READ: Arab Health spotlights UAE at helm of health innovation

Previous Story

Pakistan, Iran boost security ties after clashes

Next Story

Sharjah gears up for Entrepreneurship Festival

Latest from -Top News

UAE Reopens Doors to Lebanon

The prime minister expressed Lebanon’s “utmost gratitude and appreciation to the UAE” and President Sheikh Mohamed bin Zayed Al Nahyan….reports Asian Lite News Lebanon welcomed the decision by the United Arab Emirates

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

India Rises, Africa Watches 

While struggling economies in Africa engulf themselves in ideological battles and take sides in the tariff battles, nations like India are placing their national interest first and navigating Global Trade challenges in

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

BRICS Expansion Boosts China’s Bid for Global Leadership

Moscow is also keen on advancing a multipolar world and

India allows 100% FDI in telecom sector

Under the amendment, 100 per cent FDI via the automatic