ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil) for the supply of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG). The LNG will be sourced mainly from ADNOC’s Ruwais LNG project, which is under development in Al Ruwais Industrial City, Abu Dhabi. This agreement formalizes a previous Heads of Agreement between the two companies.
Under the terms of the SPA, deliveries can be made to any port across India. By 2029, IndianOil is expected to become ADNOC’s largest LNG customer, with total annual offtake reaching 2.2 mtpa—1.2 mtpa from Das Island operations and 1 mtpa from the Ruwais project.
Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, stated: “This long-term agreement with IndianOil underscores the robust energy relations between the UAE and India. Through our world-class Ruwais LNG Project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries and power homes.”
The Ruwais LNG facility is expected to begin commercial operations in 2028. Over 8 mtpa out of its planned 9.6 mtpa production capacity has already been committed through long-term agreements with international customers.
The agreement reflects ongoing cooperation following the Comprehensive Economic Partnership Agreement (CEPA) signed by the UAE and India in 2022.
The Ruwais plant will be powered by clean energy and use advanced technologies such as artificial intelligence to improve safety and efficiency while reducing carbon intensity.
In November 2024, ADNOC Gas announced plans to acquire a 60% stake in the Ruwais LNG project at cost during the second half of 2028. Once operational, this addition will increase ADNOC Gas’ operated LNG production capacity to about 15 mtpa through two trains each capable of producing 4.8 mtpa.
