ADNOC signs ten-year LNG supply deal with India's Gujarat Energy
ADNOC has agreed a long-term LNG supply contract with India's Gujarat Energy, with deliveries running for ten years from 2028.
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what happened
Abu Dhabi National Oil Company has signed a ten-year liquefied natural gas supply agreement with India's Gujarat Energy, Reuters reported, citing the companies. Under the terms, Gujarat Energy will receive up to 4.0 million tonnes of LNG over ten years, starting in 2028.
Moody's separately reported that ADNOC Gas signed a $3 billion deal in January to supply Hindustan Petroleum Corp with 0.5 million metric tons of LNG a year for ten years. With the new agreement, the value of ADNOC's contracts with India exceeds $20 billion.
why it matters
The deal strengthens ADNOC's position in one of Asia's key LNG markets. Deliveries will not begin for several years, so it will not directly affect current gas prices, but it signals long-term Indian demand for imported gas.
market impact
LNG market: long-term Indian demand locks in supply from UAE producers, with little near-term price effect
tags
instruments
sources
- Gujarat Energy Signs Long-Term LNG Procurement Agreement With Adnoc — Reuters, 6 November 2026 at 05:44 UTC
- ADNOC signs 10-year LNG supply agreement with Gujarat Energy — Moody's, 6 November 2026 at 07:11 UTC
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