ADNOC & IndianOil Sign For LNG Project

ADNOC and IndianOil have signeda long-term heads of agreement (LNG agreement) for the delivery of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG).

The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi, and is expected to start commercial operations in 2028. Under the 15-year agreement, LNG cargoes will be shipped to IndianOil’s destination ports in India.

Rashid Khalfan Al Mazrouei, ADNOC senior vice president of marketing, says: ‘India is an important, strategic partner of the UAE and this agreement underscores ADNOC’s commitment to delivering secure, lower-carbon energy to support the country’s energy security. The agreement also highlights confidence in the Ruwais LNG project, which is an integral part of ADNOC’s strategy to expand our global LNG footprint to meet growing demand today while helping the world transition to a cleaner energy future.’