ADNOC has signed a 15-year Heads of Agreement (LNG agreement) with Indian Oil Corporation Ltd. (Indian LnOil) for the delivery of 1 million metric tons per annum (mmtpa) of liquefied natural gas (LNG).
The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.
The 15-year agreement is expected to start commercial operations in 2028 with LNG cargoes to be shipped to IndianOil’s destination ports in India.
“India is an important, strategic partner of the UAE and this agreement underscores ADNOC’s commitment to delivering secure, lower-carbon energy to support the country’s energy security,” said Rashid Khalfan Al Mazrouei, Senior VP of Marketing at ADNOC.
“The agreement also highlights confidence in the Ruwais LNG project, which is an integral part of ADNOC’s strategy to expand our global LNG footprint to meet growing demand today while helping the world transition to a cleaner energy future,” Al Mazrouei added.
Notably, IndianOil is expected to become ADNOC’s biggest LNG customer by 2029, with a total offtake of 2.2 mmtpa, comprising 1.2 mmtpa from Das Island and 1 mmtpa from Ruwais LNG.
The agreement with IndianOil is one of several long-term LNG sales commitments ADNOC has signed with international partners for Ruwais LNG for over 70% of the project’s total production capacity.
