Close Menu
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Technology
  • Incidents
  • Environment
  • Events
    • Maritime
    • Offshore
    • Oil & Gas
    • Energy
  • Advertising
  • Contact
Facebook X (Twitter) Instagram LinkedIn
Trending
  • Stranded Ukrainian seafarers to get remote fix in paperwork overhaul
  • R.M. Young Company’s All-in-One Weather Station Available to Ship
  • Kongsberg Maritime, Noble Corp to Jointly Advance Offshore Drilling Tech
  • Shipping’s first centrifugal carbon capture system installed on a Scorpio tanker
  • BEML and HSL sign MoU to develop advanced marine systems
  • Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan
  • Philippines and Cosmoship Call for Release of Crew After Houthi Video
  • Fred Olsen Windcarrier lands German wind farm deal
Facebook X (Twitter) Instagram LinkedIn
Maritime247.comMaritime247.com
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Tech
  • Incidents
  • Environment
  • Events
    • Maritime
    • Oil & Gas
    • Offshore
    • Energy
  • Advertising
Maritime247.comMaritime247.com
Home»Oil & Gas»$7-9 billion gas deal strengthens India-UAE LNG ties
Oil & Gas

$7-9 billion gas deal strengthens India-UAE LNG ties

February 15, 2025
Facebook Twitter LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Email

ADNOC Gas Secures Multi-Year LNG Supply Agreement with Indian Oil Corporation

ADNOC Gas, an affiliate of Abu Dhabi National Oil Company (ADNOC), has landed a multi-year liquefied natural gas (LNG) supply agreement worth billions with Indian Oil Corporation, fortifying energy bonds between the United Arab Emirates (UAE) and India.

The 14-year sales and purchase agreement (SPA) with Indian Oil enables ADNOC Gas to provide the export of up to 1.2 million tons per annum (mtpa) of LNG to India’s energy company, converting the previous heads of agreement between the parties into SPA, with first deliveries set to begin in 2026.

ADNOC’s subsidiary plans to supply the LNG from its Das Island liquefaction facility, which has a production capacity of up to 6 mtpa. Perceived to be the world’s third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.

The UAE player has underlined that the LNG supply deal, valued in the range of $7 to $9 billion over its 14-year term, marks a major step forward in the partnership between the two companies, reinforcing its role as a reliable supplier of lower-carbon gas.

Fatema Al Nuaimi, ADNOC Gas’ CEO, commented: “This agreement strengthens our long-standing partnership with Indian Oil and is a testament to the dynamic and robust energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030.”

The agreement with the Indian firm is said to build on ADNOC Gas’ strategy to expand its customer base, following a series of LNG deals signed over the past two years, ranging from 0.4 mtpa to 1.2 mtpa for periods up to 14 years.

See also  BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

These types of agreements are seen as a way to reinforce the UAE company’s position at the top of the LNG supplier list to key growth markets in Asia, such as India. ADNOC Gas plans to take over ADNOC’s entire stake in the Ruwais LNG project in the second half of 2028 to boost its operated LNG processing capacity to 15.6 mtpa.

With more than 7 mtpa of the project’s total production capacity already booked, the development will entail two LNG liquefaction trains. Two of the recent bookings came from Japan’s Osaka Gas and Germany’s Securing Energy for Europe (SEFE).

Billion deal gas IndiaUAE LNG Strengthens Ties
Share. Facebook Twitter LinkedIn Tumblr Telegram Email

Related Posts

Kongsberg Maritime, Noble Corp to Jointly Advance Offshore Drilling Tech

July 29, 2025

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

July 29, 2025

Fred Olsen Windcarrier lands German wind farm deal

July 29, 2025
Top Posts

Duties of Bosun (Boatswain) on a Ship

February 1, 2025

China Fights Australia’s Plans to Reclaim Darwin Port Citing U.S. Influence

May 27, 2025

Fire-Stricken Wan Hai 503 Continues to Drift Off Indian Coast as Salvage Efforts Intensify

June 11, 2025

Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska

June 5, 2025
Don't Miss
Offshore

Geoquip Marine extends survey vessel charter for five more years

June 16, 2025

Geoquip Marine Geoquip Marine Extends Charter Agreement for Geotechnical Survey Vessel Swiss-based offshore geotechnical data…

Debris in Steering System Causes Bulk Carrier’s $2 Million Collision with Navigation Aid

May 13, 2025

Trump’s tariff war only directly impacting 1.5% of global seaborne trade volumes for now

March 24, 2025

North Sea gas key to stave off energy crisis as shortfalls loom, Element NL says

April 9, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

About Us
About Us

Stay informed with the latest in maritime, offshore, oil & gas, and energy industries. Explore news, trends, and insights shaping the global energy landscape.

For advertising inquiries, contact us at
info@maritime247.com.

Facebook X (Twitter) YouTube LinkedIn
Our Picks

DOF Scoops $480M in New Vessel Contracts with Petrobras

May 21, 2025

OceanAlpha USV Validates Long-Range Survey Capability in Malaysia

July 7, 2025

Western Australia’s Ports Reopen After Tropical Cyclone Zelia

February 16, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

© 2025 maritime247.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Advertising

Type above and press Enter to search. Press Esc to cancel.