GAIL signs long-term LNG deal with ADNOC gas
OIL & GAS

GAIL signs long-term LNG deal with ADNOC gas

On November 14, 2024, GAIL India Limited signed a significant 10-year agreement with UAE’s ADNOC Gas to purchase up to 0.52 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG), starting in 2026. This deal supports India’s growing demand for natural gas, and the LNG will be sourced from ADNOC’s Das Island facility, which has a processing capacity of 6.0 MMTPA.

The deal aligns with India’s energy strategy to increase natural gas's share in its energy mix, aiming for 15% by 2030. GAIL’s Director of Marketing, Sanjay Kumar, highlighted that the partnership with ADNOC reflects the country's ambition to meet future energy needs while diversifying its sources of natural gas.

On November 14, 2024, GAIL India Limited signed a significant 10-year agreement with UAE’s ADNOC Gas to purchase up to 0.52 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG), starting in 2026. This deal supports India’s growing demand for natural gas, and the LNG will be sourced from ADNOC’s Das Island facility, which has a processing capacity of 6.0 MMTPA. The deal aligns with India’s energy strategy to increase natural gas's share in its energy mix, aiming for 15% by 2030. GAIL’s Director of Marketing, Sanjay Kumar, highlighted that the partnership with ADNOC reflects the country's ambition to meet future energy needs while diversifying its sources of natural gas.

Next Story
Infrastructure Urban

Climate Change Fuels Global Dengue Surge

Amid a record year for dengue infections globally, climate change has been identified as a key driver behind the disease's surge. A new study presented at the annual meeting of the American Society of Tropical Medicine and Hygiene (ASTMH) has attributed 19% of the rising dengue burden to climate change. The research, led by Stanford and Harvard Universities, offers the strongest evidence yet of the link between rising temperatures and increasing dengue infections. The analysis predicts a potential 40-60% spike in cases by 2050, with some regions, including parts of Latin America, facing up to..

Next Story
Infrastructure Urban

CNG Price Debate: Oil Ministry and City Gas Operators Lock Horns

A reduction in government-controlled natural gas supply from legacy fields has escalated tensions between the oil ministry and city gas operators, as the latter push to raise compressed natural gas (CNG) prices to offset rising costs of imported fuel. The government slashed legacy gas allocations to the city gas sector by 21% in October and 20% in November, citing declining production from older fields. This shortfall is forcing companies like Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL), and Adani Total Gas to rely on costlier alternatives such as gas from new fields or imported liquef..

Next Story
Infrastructure Energy

India’s Petroleum Imports Rise 7.7% in FY 2024-25

India's petroleum imports grew by 7.7% during April-October FY 2024-25, driven by increased demand for liquefied petroleum gas (LPG), petcoke, and lubricants, according to data from the Petroleum Planning and Analysis Cell (PPAC). However, October 2024 recorded a slight 2.2% dip in imports compared to the same month last year. Crude oil imports rose by 3.5% in the first seven months of FY 2024-25 and by 4.2% in October 2024 year-on-year. The net import bill for October 2024 stood at $10.6 billion, down from $11.8 billion in October 2023, thanks to reduced global crude prices, which averaged $7..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000