Gujarat Energy signs 10-year LNG deal with ADNOC
What's the story
Gujarat Energy has signed a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) to procure up to four million tons of Liquefied Natural Gas (LNG). The agreement will be executed over a period of 10 years, starting in 2028. It is also ADNOC's fifth LNG supply agreement in India.
Supplier details
LNG procured from ADNOC's international investment company, XRG
The LNG will be procured from the international gas portfolio of XRG, ADNOC's international investment company.
Headquartered in Abu Dhabi, XRG has an enterprise value of over $150 billion and invests in natural gas, chemicals, and energy solutions for global industries.
This deal marks the first purchase of molecules from ADNOC's international portfolio.
Strategic partnership
Deal strengthens long-standing energy partnership with India
Rashid Al Mazrouei, Chief Marketing and Origination Officer (LNG) at ADNOC, said the deal strengthens their long-standing energy partnership with India.
He emphasized that this agreement is the first sale of molecules from XRG's international portfolio and shows their commitment to providing reliable, long-term LNG supplies.
The deal was finalized through ADNOC's new global LNG marketing and trading platform.
Company statement
Natural gas plays a pivotal role in India's energy transition
Avantika Singh Aulakh, Managing Director of Gujarat Energy Limited (GEL), said this partnership with ADNOC is a strategic step toward unlocking the full potential of their collaboration.
She stressed that natural gas plays a pivotal role in India's energy transition, serving as a key low-carbon solution that enhances industrial productivity, provides clean cooking fuel for households, and accelerates green mobility.