UAE’s Adnoc Expands LNG Sales With 15-Year India Supply Deal
Attendees pass signage for Abu Dhabi National Oil Co. (ADNOC) in the venue halls on day two of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
Photographer: Christopher Pike/BloombergThe biggest oil producer in the United Arab Emirates agreed to supply liquefied natural gas to Indian Oil Corp. for 15 years as it lines up more binding contracts for a new export terminal.
Abu Dhabi National Oil Co. will provide 1 million tons of LNG annually to the Indian state-run entity, primarily from the under-construction project at Ruwais, according to a statement Wednesday. Adnoc, which had signed a preliminary agreement in September, also has a deal to supply an additional 1.2 million tons a year of the fuel from its Das Island operations to Indian Oil.