India, Nov. 6 -- Gujarat Energy has signed a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) to procure up to 4 million tonnes of liquefied natural gas (LNG) over 10 years, starting in 2028.
The agreement marks the first LNG purchase from the international portfolio of XRG, ADNOC's investment arm, and is ADNOC's fifth LNG supply deal in India.
The partnership aims to strengthen India's energy security and support its transition towards cleaner energy. It also expands ADNOC's presence in key Asian LNG markets through its global marketing and trading platform.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....