
ADNOC signs 15-year LNG deal with Indian Oil
Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed a landmark 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), securing the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India from its lower-carbon Ruwais LNG project. The agreement, announced on Tuesday, formalises a previous Heads of Agreement and strengthens ADNOC’s footprint in Asia’s rapidly growing LNG market. Under the deal, LNG cargoes can be delivered to any