Abu Dhabi: (GAIL ADNOC Deal) As part of a crucial move to strengthen ADNOC’s global presence, ADNOC Gas plc has announced a 10-year agreement to supply GAIL India Limited, a leading natural gas company in India, with 0.5 million metric tons per annum (mmtpa) of Liquified Natural Gas (LNG). This deal not only strengthens ADNOC Gas’ footprint in the Asian LNG market but also reinforces the growing relationship between the UAE and India.
This latest agreement is part of a series of international LNG sales contracts ADNOC Gas has secured, including with Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), and PetroChina International (PCI). These agreements highlight ADNOC Gas’ status as a preferred global export partner.
Amidst a global shift towards more responsible energy sources, natural gas is increasingly in demand due to its role in facilitating a just and responsible energy transition. ADNOC Gas has been proactive in this shift, signing LNG agreements worth between $9.4 billion and $12 billion in 2023 alone. The company continues to invest both domestically and internationally to meet the burgeoning demand for natural gas.
Dr. Ahmed Mohamed Alebri, CEO of ADNOC Gas, emphasized the importance of the agreement with GAIL India. He stated, “This long-term LNG supply agreement marks a significant step in our commitment to providing reliable and sustainable energy solutions worldwide. India remains a key market for us, and this agreement reflects our dedication to fostering long-term partnerships that promote responsible energy consumption.”
Natural gas, known for its lower carbon emissions compared to other fossil fuels, also plays a vital role in industrial processes. ADNOC Gas is leveraging opportunities within ADNOC’s integrated gas masterplan, which ensures a sustainable and economical supply of natural gas across the entire value chain in the UAE.
In line with ADNOC Group’s broader Gas masterplan, the company is developing a new low-carbon Ruwais LNG project in Al Ruwais Industrial City, Abu Dhabi. This project, set to be the first MENA region LNG export facility running on clean power, aligns with ADNOC’s Net Zero by 2045 ambition. Upon completion, the Ruwais LNG project, consisting of two 4.8 mmtpa LNG liquefaction trains with a total capacity of 9.6 mmtpa, will be one of the world’s lowest-carbon intensity LNG plants.
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