ADNOC has signed a 15-year LNG Sales and Purchase Agreement with IndianOil, securing the supply of 1 mtpa of LNG from its Ruwais project, solidifying IndianOil's status as ADNOC’s largest LNG customer by 2029.

Target Overview

ADNOC, the Abu Dhabi National Oil Company, has signed a long-term Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), securing the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project. This agreement solidifies IndianOil’s position as ADNOC's largest LNG customer by 2029, with total offtake projected to reach 2.2 mtpa, further enhancing the energy ties between the UAE and India.

The Ruwais LNG facility, currently under construction in Al Ruwais Industrial City, is expected to commence operations in 2028. With a total production capacity of 9.6 mtpa, more than 8 mtpa of this capacity has already been committed to international customers through long-term agreements, reflecting robust global demand for ADNOC’s LNG offerings.

Industry Overview

The Indian LNG market is experiencing significant growth, driven by increasing energy demand and a shift towards cleaner fuels. As one of the largest consumers of energy in the world, India is focused on enhancin