Gujarat Energy signs 10-year LNG deal with ADNOC

Gujarat Energy Limited (GEL) has entered into a long-term Sales and Purchase Agreement with the Abu Dhabi National Oil Company (ADNOC) to procure up to four million tons of liquefied natural gas (LNG). The contract, which is set to begin in 2028, will span a period of 10 years.

The LNG will be sourced from the international gas portfolio of XRG, ADNOC’s international investment company. This transaction marks the first time molecules from XRG’s international portfolio have been sold, and it represents ADNOC’s fifth LNG supply agreement within India. The pricing for the agreement is linked to the Henry Hub index.

According to GEL Managing Director Avantika Singh Aulakh, the partnership is a strategic move to support India’s energy transition by providing a lower-carbon fuel source for industrial, commercial, domestic, and automotive sectors. The deal was finalized through ADNOC’s global LNG marketing and trading platform.