ADNOC announced the signing of a 15-year agreement with Indian Oil Corporation Limited (IOC), India’s largest integrated and diversified energy company, to supply one million tons per year of LNG, primarily from the Ruwais project, to various Indian ports.

The agreement contributes to strengthening ADNOC’s share in global LNG markets, particularly in Asia, which is witnessing growing demand for this vital resource. It also consolidates the company’s position as a reliable global supplier of LNG.

By 2029, Indian Oil Corporation Limited (IOC) is expected to become ADNOC’s largest LNG customer, with a total contracted purchase of 2.2 million metric tons per year (MTPA), including 1.2 MTPA from Das Island and 1 MTPA from the Ruwais LNG project.

Rashed Khalfan Al Mazrouei, Senior Vice President of Marketing at ADNOC, said: “This long-term agreement with IOC underscores the strength of the UAE-India energy relationship. Through the world-class Ruwais project, ADNOC will continue to provide more low-emission LNG supplies to help meet growing global demand and provide the energy needed for industries and homes.”

ADNOC’s Ruwais LNG project, currently under development in Ruwais Industrial City, Abu Dhabi, is expected to begin commercial operations in 2028. To date, more than 8 million metric tons per annum (MTPA) of the Ruwais project’s total production capacity of 9.6 MTPA has been committed to long-term supply agreements with several international customers, underscoring the strong global demand for ADNOC’s low-emission LNG production.