ADNOC Gas secures 10-year LNG supply agreement with GAIL India
ADNOC Gas plc, a leading integrated gas processing company, has today announced a pivotal 10-year agreement to supply 0.5 million metric tons per annum (mmtpa) of liquified natural gas (LNG) to GAIL India Limited, India’s premier natural gas company. This deal highlights ADNOC Gas’ expanding global presence, especially in the Asian LNG market, and reinforces the UAE-India energy partnership.
This agreement is a continuation of ADNOC Gas’ series of significant international LNG sales agreements, including partnerships with Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI). These agreements collectively underscore ADNOC Gas’ status as a globally preferred export partner.
In the context of the world’s growing long-term demand for natural gas, which plays a critical role in a just and responsible global energy transition, ADNOC Gas remains committed to investments that drive sustainable growth. In 2023, ADNOC Gas maintained robust sales momentum, signing several LNG agreements valued between $9.4 billion and $12 billion, while continuing domestic investments to meet both local and global natural gas demands.
ADNOC Gas Enhances Global LNG Market Presence with Major Deal with GAIL India
Dr. Ahmed Mohamed Alebri, CEO of ADNOC Gas, remarked on the agreement: “This long-term LNG supply agreement with GAIL India marks a significant step forward in our commitment to continue providing reliable and sustainable energy solutions to our partners and customers around the world. India continues to be a key market for ADNOC Gas, and this latest supply agreement underscores our ongoing dedication to fostering long-term partnerships that promote responsible energy consumption.”
Natural gas is increasingly recognized as a crucial transitional fuel, offering lower carbon emissions compared to other fossil fuels. It also serves as an essential raw material in various industrial value chains.
ADNOC Gas is leveraging opportunities from ADNOC’s comprehensive integrated gas masterplan, which ensures a sustainable and economic supply of natural gas across the entire value chain in the UAE. Part of this masterplan includes the development of the new low-carbon Ruwais LNG project in Al Ruwais Industrial City, Abu Dhabi. Set to be the first MENA region LNG export facility running on clean power, the Ruwais LNG project is aligned with ADNOC’s accelerated Net Zero by 2045 ambition. Upon completion, it will comprise two 4.8 mmtpa LNG liquefaction trains with a total capacity of 9.6 mmtpa, positioning it among the world’s lowest-carbon intensity LNG plants.
The strategic agreement between ADNOC Gas and GAIL India is a significant development in the global LNG market, especially in the Asian context. It not only underscores ADNOC Gas’s commitment to sustainable energy solutions but also highlights the growing importance of LNG in the global energy transition. This agreement, along with ADNOC’s ongoing projects, showcases its role as a key player in shaping a sustainable and responsible energy future.