ADNOC Signs Non-Binding 15-Year LNG Agreement with Indian Oil for 1 Million mtpa

Sep 9, 2024, 08:11 AM

The Abu Dhabi National Oil Company (ADNOC) has signed a non-binding 15-year agreement with Indian Oil Corporation (IOC) to supply 1 million metric tons per annum (mtpa) of liquefied natural gas (LNG). The agreement, which is a heads of agreement, was signed on September 9th and will commence with the Ruwais LNG project. This deal underscores ADNOC's commitment to long-term partnerships and energy supply to India.