Under the agreement, ADNOC Gas will deliver six LNG cargoes per year from its Das Island facility, which has a processing capacity of 6 million metric tonnes per annum (MMTPA).

Sanjay Kumar, Director (Marketing) at GAIL, emphasised the growing demand for LNG in India, stating, “This SPA is a key step in expanding GAIL’s LNG portfolio to meet diverse consumer needs.”

Rashid Khalfan Al Mazrouei, Senior Vice President of ADNOC Gas, highlighted the agreement’s strategic importance, adding, “It strengthens ADNOC Gas’s position as a global natural gas provider and underscores our role as a trusted energy partner for India.”

Global LNG demand is projected to grow by 15% over the next decade, driven by China’s transition from coal to gas and increased LNG use for power generation in Southern and Southeast Asia. ADNOC Gas plans to more than double its LNG production capacity to capitalise on this demand for lower-carbon energy solutions.

India, the world’s fourth-largest LNG importer in 2023, is poised for further growth in LNG imports as the nation seeks to increase the share of natural gas in its primary energy mix from 6% to 15% by 2030. (ET) ?