ADNOC signs LNG supply agreement with IndianOil

ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with IndianOil, India’s largest integrated and diversified energy company, for the supply of one million tonnes per annum (mtpa) of LNG sourced mainly from ADNOC’s Ruwais LNG project, currently under development at Al Ruwais Industrial City

The agreement advances ADNOC’s LNG leadership ambitions as it seeks to capitalise on the growing global demand for LNG, particularly across the high-demand Asian LNG market, as well as furthering its energy transition objectives.

By 2029, IndianOil is set to become ADNOC’s largest LNG customer, with a total offtake of 2.2 mtpa.

ADNOC’s Ruwais LNG project is scheduled to commence commercial operations in 2028. To date, over 8 mtpa of the project’s 9.6 mtpa production capacity has been committed to international customers through long-term agreements. It will be the first LNG facility in the Middle East to run on clean power, making it one of the lowest carbon intensity LNG facilities in the world.

ADNOC Gas is planning to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost, in the second half of 2028. Upon completion, the project, comprising two 4.8 mtpa liquefaction trains with a combined capacity of 9.6 mtpa, will more than double ADNOC Gas’ existing operated LNG production capacity to around 15 mtpa.

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.”