ADNOC Signs 10-Year LNG Supply Agreement with India's Gujarat Energy

The United Arab Emirates' state energy company ADNOC has signed a 10-year liquefied natural gas (LNG) supply agreement with India-based Gujarat Energy. According to a Reuters report, the agreement expands ADNOC's long-term gas sales portfolio in the Indian market. Under the agreement, ADNOC is expected to supply LNG to Gujarat Energy over a specified period. This long-term commitment between the parties is seen as aligned with India's supply security strategy to meet its growing energy demand. LNG stands out as a critical item in line with India's goal of increasing the share of natural gas in its energy mix. For ADNOC, such multi-year contracts provide predictability in production and shipment planning. The report did not share details regarding the financial size of the agreement or the supply volume. Reuters announced that the agreement was signed but did not include additional commercial terms. Not investment advice.