ADNOC (Abu Dhabi National Oil Company) has signed a 14-year agreement worth $7-9 billion with Indian Oil Corporation, under which 1.2 million tons of LNG will be supplied annually starting from 2026.
This agreement will support India's goal of increasing the share of gas in its energy mix to 15% by 2030 and will establish ADNOC Gas as a leading LNG supplier in Asian markets.
