India's Gujarat Energy inks 10-year LNG supply pact with ADNOC
Gujarat Energy has agreed a decade-long LNG supply contract with ADNOC covering up to 4 million tonnes, with deliveries starting in 2028, Moody's reports.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Gujarat Energy, previously named Gujarat Gas, has struck a ten-year deal with Abu Dhabi's state oil company ADNOC under which it will buy up to 4 million tonnes of liquefied natural gas. Supplies are due to begin in 2028, Moody's reported.
The gas will come from the overseas holdings of XRG, ADNOC's international investment arm. It marks the first sale of molecules from that portfolio and ADNOC's fifth LNG supply agreement in India. Pricing is tied to the Henry Hub benchmark. On average the volume works out to about 400,000 tonnes a year, though actual offtake depends on contract terms.
The deal will flow through ADNOC's LNG marketing and trading platform, unveiled in July 2026 via Abu Dhabi Global Market, which targets 47 million tonnes a year of marketable LNG after 2030. Gujarat Energy, which runs city gas distribution in 44 districts across six states, says the contract will bolster supply reliability for industrial, commercial and household customers.
why it matters
Because pricing follows Henry Hub, the cost of this Indian buyer's gas will track US gas prices rather than a local index. Long-term contracts of this kind give both sides more predictability, and for ADNOC the deal widens its sales channel into Asia.
market impact
LNG market: long-term Henry Hub-linked contract ties Indian demand to US gas price benchmarks
tags
instruments
sources
- Gujarat Energy signs 10-yr LNG deal with ADNOC for up to 4 million tonnes — Moody's, 6 November 2026 at 09:34 UTC
- Gujarat Energy Strikes Deal With Adnoc For 4 Mn Tonnes Of LNG — Moody's, 6 November 2026 at 11:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗