New Delhi, Nov. 6 -- Gujarat Energy on Friday announced the signing of a long-term sales and purchase agreement (SPA) with Abu Dhabi National Oil Company (Adnoc) for procuring up to 4 million tonne liquefied natural gas (LNG) from the international gas portfolio of XRG, Adnoc's international investment company.

The agreement marks the first purchase of molecules from XRG's international portfolio.

"Under the agreement, Gujarat Energy will receive up to 4.0 million tonnes of LNG over ten years, starting in 2028. The agreement is ADNOC's fifth LNG supply agreement in India," said a statement from Gujarat Energy.

The company, backed by the government of Gujarat, is a major player in the city gas distribution business, supplying compressed...