ADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG) annually, mainly from ADNOC’s lower-carbon Ruwais LNG project.
According to the agreement, LNG shipments will be delivered to ports across India, helping to meet the nation’s rising energy demand while strengthening its energy security.
By 2029, ADNOC will supply IndianOil with a combined 2.2 mtpa of LNG, making the company its largest customer. This volume will include 1.2 mtpa from 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,” Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said.
ADNOC’s Ruwais LNG project is the first LNG facility in the Middle East powered by clean energy. It is scheduled to begin operations in 2028 and expected to provide over 8 mtpa of the project’s 9.6 mtpa production capacity to international customers under long-term agreements.
IndianOil plays a central role in meeting India’s energy needs, with operations spanning refining, pipeline transport, marketing, and exploration. It runs one of the world’s largest refining networks, an extensive fuel retail system, and is also expanding into renewables and LNG to support India’s energy transition and security.
