PSU NEWS
ADNOC to supply Indian Oil with 1 MMT LNG per year for 15 years
The Abu Dhabi National Oil Company has agreed to supply Indian Oil with 1 million metric tonnes per annum of liquefied natural gas for 15 years, the Abu Dhabi Media announced.
The LNG will mainly come from ADNOC's Ruwais LNG project, the government media office said.
ADNOC awarded Shell, BP, TotalEnergies and Japan's Mitsui each a 10% stake in the Ruwais project, expected to begin output in late 2028.
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The project, which will run on clean power, will consist of two plants each producing 4.8 million tonnes per annum (mtpa) of LNG, which will more than double ADNOC's LNG capacity to 15 mtpa.
ADNOC had already signed other agreements for LNG supply from Ruwais, including with Shell, Mitsui, Osaka Gas, China's ENN, and Germany's EnBW and SEFE.
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