GAIL signs a 10-year LNG deal with ADNOC Gas
India's state-run GAIL has secured a 10-year LNG supply deal with ADNOC Gas of the UAE. The agreement will see GAIL purchase up to 0.52 million metric tonnes of LNG annually, starting in 2026. This move aligns with India's goal to increase natural...
The LNG delivery will start in 2026, GAIL said in a statement. The cargoes will be delivered from ADNOC Gas’ Das Island natural gas facility, which has an LNG processing capacity of 6.0 MMTPA.
“India is witnessing a growing demand for LNG to meet its increasing natural gas demand in a diversified sectoral pattern. GAIL plans to significantly increase its term LNG portfolio in the coming years to meet this rising demand,” said Sanjay Kumar, director (marketing), GAIL.
India is the fourth-largest importer of LNG in the world. The government has set a goal of increasing the share of natural gas in the country's primary energy mix to 15% by 2030, from the current 6%.
“This agreement … reflects our ambition to capture future growth opportunities in gas demand,” said Rashid Khalfan Al Mazrouei, senior vice president(marketing), ADNOC Gas.
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