Oil and gas firm Gail India, on Monday, signed a 10-year agreement to purchase 0.5 million metric tons per annum (MMTPA) of liquefied natural gas (LNG) from peer company ADNOC Gas to strengthen the cultural and economic bonds between India and the United Arab Emirates (UAE).
This newly inked deal will commence from 2026 onwards and aims to aid in India’s rising energy security requirements, said the firm. Additionally, it is to cater to its downstream customers in the rapidly evolving Natural Gas landscape of the country.
ADNOC also signed LNG sales agreements with several international oil and gas companies including Japan Petroleum Exploration, TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI).
Earlier this month, GAIL signed a long-term agreement with Vitol Asia to supply about one million metric tons of LNG per annum for a period of 10 years, starting in the year 2026, where Vitol will deliver LNG from its global LNG portfolio to GAIL India on a Pan-India basis.
The firm said a long-term LNG purchase agreement with ADNOC Gas is anticipated to fortify India’s energy security, foster economic collaboration, and propel both firms into new realms of strategic partnership.
GAIL is a Maharatna public-sector undertaking with one of the largest natural gas suppliers, with diversified interests across the natural gas value chain of trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals, city gas, and many more.
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