ADNOC pens 15-year LNG supply HoA with Indian Oil
Abu Dhabi’s ADNOC has entered into a 15-year heads of agreement with IndianOil, the state-owned Indian energy company, for the supply of 1mn tonnes/year of LNG, as announced by the Abu Dhabi Media Office on September 9.
The announcement followed a meeting between Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Indian Prime Minister Narendra Modi during Zayed Al Nahyan's visit to India. The Abu Dhabi Media Office did not provide any other information about the HoA.
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The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi. This facility will be the first in the MENA region to export LNG using clean power, according to ADNOC.
Upon completion, the project will feature two LNG liquefaction trains, each with a capacity of 4.8mn tonnes/year, totalling 9.6mn tonnes/year. This expansion is expected to more than double ADNOC's current LNG production capacity, increasing from 6mn tonnes/year to approximately 15mn tonnes/year.