Abu Dhabi:ADNOC has signed a long-term Sales and Purchase Agreement (SPA) with Gujarat Energy Ltd to supply up to 4 million tonnes of liquefied natural gas (LNG) to India. The agreement is set to commence in 2028 and will span over a decade.
According to Wam, this deal marks the first sale from XRG's international gas portfolio, ADNOC's international investment company. Rashid Al Mazrouei, Chief Marketing and Origination Officer (LNG) at ADNOC, highlighted the significance of this agreement in strengthening the energy partnership with India. He noted that ADNOC is committed to providing reliable, long-term LNG supplies through its integrated marketing and trading platform.
The agreement enhances ADNOC's global reach, following similar supply agreements with companies in Japan and Thailand. Launched in July 2026, ADNOC's global LNG marketing and trading platform aims to market 47 mtpa of LNG beyond 2030, potentially positioning ADNOC as a leading global LNG supplier.
Avantika Singh Aulakh, Managing Director of Gujarat Energy Ltd, emphasized the importance of this partnership in driving India's shift towards cleaner energy options. The collaboration is expected to leverage Gujarat Energy's robust infrastructure and trading presence across India, supporting the country's growing demand for natural gas.