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GAIL inks 10-year LNG deal with ADNOC Gas
Millennium Post Delhi
|November 15, 2024
GAIL (India) Ltd on Thursday signed a 10-year Sales and Purchase Agreement (SPA) with ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026.
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This is the first SPA of ADNOC Gas with an Indian buyer.
The LNG will be delivered in six cargoes per year from ADNOC Gas' Das Island natural gas facility, which has an LNG processing capacity of 6.0 MMTPA. It is the third longest established LNG plant still in production globally.
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