ADNOC announced a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated energy company, to supply one million tonnes per year (mtpa) of liquefied natural gas (LNG). The gas will mainly come from ADNOC's lower-carbon Ruwais LNG project.

The SPA formalizes a previous Heads of Agreement and emphasizes ADNOC's role as a dependable supplier to the rapidly growing Asian LNG market. According to the contract, cargoes can be delivered to any port in India, helping to satisfy the country's increasing energy needs and enhance energy security.

Strategic Partnership Expansion

By 2029, IndianOil is expected to become ADNOC's largest LNG customer, with a total annual offtake of 2.2 million tonnes per annum (mtpa). This includes 1.2 (mtpa) from ADNOC's Das Island operations and 1 mtpa from the Ruwais project. Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said: “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.”

The deal also reflects the success of the Comprehensive Economic Partnership Agreement (CEPA) signed by the UAE and India in 2022, which has deepened bilateral trade and energy cooperation.

Ruwais LNG Project Development

The Ruwais LNG facility, currently under development in Al Ruwais Industrial City, Abu Dhabi, is scheduled to commence commercial operations in 2028. Over 8 mtpa of its planned 9.6 mtpa production capacity has already been reserved for international customers through long-term contracts, showing a strong global demand for ADNOC's lower-carbon LNG.

The Ruwais plant will be the first LNG facility in the Middle East to run on clean power, placing it among the lowest carbon-intensity LNG producers globally. It will employ advanced technologies, including artificial intelligence, to boost safety, efficiency, and sustainability. The project comprises two liquefaction trains with a combined capacity of 9.6 million tonnes per annum (mtpa), which will more than double ADNOC Gas's current operated LNG production capacity to approximately 15 mtpa.

Corporate Structure Changes

In November 2024, ADNOC Gas announced plans to acquire ADNOC's 60 percent stake in the Ruwais project at a cost in the second half of 2028. This acquisition will significantly expand ADNOC Gas' operational capacity in the LNG sector. The announcement is part of ADNOC's broader strategy to strengthen its position in the global LNG market, while supporting the growing energy demands of Asian markets, particularly India's expanding industrial and residential energy requirements.

Connect with Decision-makers about the LNG Regasification Plant Projects in India for business Opportunities.

Subscribe to our database on LNG Regasification Plant Projects in India and Tenders in India to get access to reliable and high-quality insights on upcoming, Under-construction, and completed LNG Regasification Plant Projects across the world or in your desired geographical location.

Our user-friendly platform provides essential details, timely updates, key stakeholder contact information, and business opportunities tailored for engineering companies, industry professionals, investors, and government agencies.