Gujarat Energy Signs 10-Year LNG Deal with ADNOC for 4.0 Million Tonnes
Gujarat Energy Limited signed a 10-year agreement with ADNOC to procure up to 4.0 million tonnes of LNG starting in 2028. This marks GEL's first purchase from ADNOC's international portfolio and strengthens energy ties between India and the UAE.
The agreement involves a substantial volume of LNG over a decade, directly impacting the company's supply chain, operational capacity, and strategic positioning in the energy market.
The announcement details a significant long-term agreement for LNG procurement, which is crucial for energy security and transition, indicating a positive development for the company.
Gujarat Energy Limited (GEL) has announced the signing of a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) for the procurement of Liquefied Natural Gas (LNG). This agreement, effective from 2028, will supply up to 4.0 million tonnes of LNG over a ten-year period.
This marks the first procurement of LNG from XRG, ADNOC's international investment company, and is ADNOC's fifth LNG supply agreement in India. The deal is facilitated through ADNOC's global LNG marketing and trading platform, which aims to supply 47 million tonnes per annum (mtpa) of marketable LNG beyond 2030.
Ms. Avantika Singh Aulakh, Managing Director of GEL, highlighted the partnership's significance in realizing the power of collaboration. She emphasized GEL's market leadership across the energy value chain, supported by robust regasification infrastructure, a widespread city gas network spanning 44 districts in 6 states, and a growing trading presence. She also noted natural gas's crucial role in India's transition to cleaner energy, serving as a lower-carbon option for industrial efficiency, household cooking, and eco-friendly transportation.
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GUJARAT ENERGY LIMITED filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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