Indian Oil Corporation (Indian Oil), the country’s largest oil firm, has signed a $7-9 billion deal to import Liquefied Natural Gas (LNG) from the UAE under a 14-year contract. The agreement with ADNOC Gas secures 1.2 million tonnes per year of LNG from 2026, supplied from the Das Island liquefaction facility.
Also Read: GAIL Settles USD 1.8 Billion Arbitration Case with Former Gazprom Unit for USD 285 Million
Announced at India Energy Week, the deal strengthens UAE-India energy ties and supports India’s goal to increase gas use to 15% of its energy mix by 2030. ADNOC Gas emphasized its commitment to supplying lower-carbon LNG to key growth markets like India.
This is ADNOC Gas’ second LNG agreement at IEW, following a five-year, 2.4 million-tonne supply deal with Bharat Petroleum Corporation Ltd (BPCL). Additionally, France’s TotalEnergies signed a 10-year agreement to supply 400,000 tonnes annually to Gujarat State Petroleum Corporation (GSPC), starting in 2026.
Other key IEW agreements include BPCL’s crude oil deal with Brazil’s Petrobras and India’s first LNG export contract with Nepal’s Yogya Holdings, supplying 1,000 tonnes over five years. BPCL also partnered with Eco Wave Power for India’s first wave energy pilot in Mumbai and signed an MoU with the National Sugar Institute to explore sweet sorghum for bioethanol production.
Also Read: IREDA Joins National Mission for TB-Free India with Awareness and Screening Camp
