Gujarat Energy signs 10-year LNG supply deal with ADNOC
In short
Gujarat Energy signed a 10-year deal with ADNOC on Friday to buy up to 4 million tonnes of LNG. The gas will come from XRG, ADNOC’s international investment arm.
The deal may strengthen ADNOC’s role in India’s LNG market. It follows ADNOC’s $3 billion supply contract with Hindustan Petroleum in January.
What the reporting says
Gujarat Energy signed a 10-year Sales and Purchase Agreement with ADNOC to procure up to 4 million tonne of LNG, according to a regulatory filing on Friday. The gas will come from the international gas portfolio of XRG, ADNOC’s international investment arm. A separate summary said the deal expands ADNOC’s presence in India’s LNG market after its $3 billion supply contract with Hindustan Petroleum in January.
Why it matters
Gujarat Energy signed a long-term LNG Sales and Purchase Agreement with ADNOC for up to 4 million tonne, based on a regulatory filing on Friday. The supply is linked to XRG’s international gas portfolio, and a separate summary said the pact expands ADNOC’s India LNG presence after its January deal with Hindustan Petroleum. The announcement matters for gas procurement and LNG supply ties between India and the UAE.