ADNOC recently announced that it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1mn tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from ADNOC’s lower-carbon Ruwais LNG project.
The 15-year SPA converts a previous Heads of Agreement into a definitive agreement and underscores ADNOC’s expanded global footprint, particularly across the high-demand Asian LNG market, and reinforces its role as a reliable global supplier of LNG.
Under the terms of the SPA, LNG cargoes can be delivered to any port across India, supporting the country’s growing energy needs and enhancing its energy security.
Largest LNG customer
By 2029, IndianOil is set to become ADNOC’s largest LNG customer, with a total offtake of 2.2 mtpa, comprising 1.2 mtpa from ADNOC’s Das Island operations and 1 mtpa from the Ruwais LNG project.
“This long-term agreement with IndianOil underscores the robust energy relations between the UAE and India. Through our world-class Ruwais LNG Project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries and power homes,” assured Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing,
ADNOC’s Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi, is expected to commence commercial operations in 2028. To date, over 8 mtpa of the project’s 9.6 mtpa production capacity has been committed to international customers through long-term agreements, underscoring strong global demand for ADNOC’s lower-carbon LNG.
