$7Bn Gas Deal Strengthens India-UAE LNG Ties

$7Bn LNG Deal Strengthens India-UAE Energy Partnership

A major boost to India-UAE energy ties, ADNOC Gas has signed a 14-year Sales and Purchase Agreement (SPA) with Indian Oil, securing the supply of up to 1.2 million tons per annum (mtpa) of liquefied natural gas (LNG). Valued between $7 to $9 billion, the deal strengthens ADNOC’s position as a key LNG supplier to India, with first deliveries set to begin in 2026.

LNG for the agreement will be sourced from ADNOC Gas’s Das Island liquefaction facility, which has a production capacity of 6 mtpa. As one of the world’s longest-operating LNG plants, Das Island has shipped over 3,500 LNG cargoes worldwide. The deal underscores ADNOC’s commitment to being a reliable provider of lower-carbon energy.

ADNOC Gas has strengthened its position as the world’s leading energy company by signing many LNG agreements in the last two years, further expanding its presence in Asia. ADNOC Gas is also planning to increase its processing capacity to 15.6 mtpa and acquire complete ownership of the Ruwais LNG project by 2028. Agreements with Germany’s Securing Energy for Europe (SEFE) and Japan’s Osaka Gas have already secured almost 7 mtpa of the project’s capacity, establishing ADNOC as a major stakeholder in the future of LNG supply.