emirates7 - ADNOC announced that it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated energy company, for the supply of 1 million tonnes per year (mtpa) of liquefied natural gas (LNG). The LNG will be sourced mainly from ADNOC’s lower-carbon Ruwais LNG project.
The agreement finalizes an earlier Heads of Agreement and strengthens ADNOC’s presence in the Asian LNG market, highlighting its position as a reliable global LNG supplier. Under the deal, LNG cargoes can be delivered to any port in India, helping meet the country’s growing energy demand and bolstering its energy security.
By 2029, IndianOil will become ADNOC’s largest LNG customer, with a total supply of 2.2 mtpa — split between 1.2 mtpa from ADNOC’s Das Island facilities and 1 mtpa from the Ruwais project.
Rashid Khalfan Al Mazrouei, ADNOC’s Senior Vice President of Marketing, said the agreement reflects the strong energy ties between the UAE and India, adding that the Ruwais project will provide more lower-carbon gas to power industries and homes worldwide.
The Ruwais LNG project, under development in Al Ruwais Industrial City, Abu Dhabi, is scheduled to start operations in 2028. So far, over 8 mtpa of its planned 9.6 mtpa capacity has already been committed to international customers under long-term agreements, underscoring global demand for ADNOC’s lower-carbon LNG.
The SPA also reflects the success of the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and India in 2022, which continues to deepen bilateral trade and energy cooperation.
Set to be the first LNG facility in the Middle East powered entirely by clean energy, the Ruwais plant will be among the lowest in carbon intensity worldwide. It will incorporate advanced technologies, including AI, to enhance safety, efficiency, and sustainability.
ADNOC Gas previously announced in November 2024 that it plans to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost by the second half of 2028. Once completed, the project will feature two liquefaction trains with a combined capacity of 9.6 mtpa, more than doubling ADNOC Gas’ operated LNG output to around 15 mtpa.
The agreement finalizes an earlier Heads of Agreement and strengthens ADNOC’s presence in the Asian LNG market, highlighting its position as a reliable global LNG supplier. Under the deal, LNG cargoes can be delivered to any port in India, helping meet the country’s growing energy demand and bolstering its energy security.
By 2029, IndianOil will become ADNOC’s largest LNG customer, with a total supply of 2.2 mtpa — split between 1.2 mtpa from ADNOC’s Das Island facilities and 1 mtpa from the Ruwais project.
Rashid Khalfan Al Mazrouei, ADNOC’s Senior Vice President of Marketing, said the agreement reflects the strong energy ties between the UAE and India, adding that the Ruwais project will provide more lower-carbon gas to power industries and homes worldwide.
The Ruwais LNG project, under development in Al Ruwais Industrial City, Abu Dhabi, is scheduled to start operations in 2028. So far, over 8 mtpa of its planned 9.6 mtpa capacity has already been committed to international customers under long-term agreements, underscoring global demand for ADNOC’s lower-carbon LNG.
The SPA also reflects the success of the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and India in 2022, which continues to deepen bilateral trade and energy cooperation.
Set to be the first LNG facility in the Middle East powered entirely by clean energy, the Ruwais plant will be among the lowest in carbon intensity worldwide. It will incorporate advanced technologies, including AI, to enhance safety, efficiency, and sustainability.
ADNOC Gas previously announced in November 2024 that it plans to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost by the second half of 2028. Once completed, the project will feature two liquefaction trains with a combined capacity of 9.6 mtpa, more than doubling ADNOC Gas’ operated LNG output to around 15 mtpa.