"ADNOC" A 15 -year -old sale and purchase agreement is signed "Indian Oil Corporation Ltd."

Abu Dhabi, August 27/ WAM/ ADNOC announced today, the signing of a fifteen -year -old sale and purchase agreement with the Indian Oil Corporation Ltd., the largest integrated and varied energy company in India, to supply a million tons annually of liquidation that will be secured mainly from the Ruwais project.

According to the agreement, the main agreement agreement that was previously signed between the two parties has been converted into an agreement to buy and purchase a bound, which contributes to enhancing the large presence of “ADNOC” in the global LNG markets, especially in the Asian market that is witnessing a growing demand for this vital resource, and establishes the company’s position as a reliable global supplier of LNG.

According to the agreement, liquefied natural gas can be shipped to any port throughout India, in a way that contributes to meeting its increasing needs for energy resources and enhances its security, and by 2029, it is expected that the Indian Oil Corporation Limited “the largest” ADNOC “customer in the LNG field with total contractual purchases of 2.2 million metric tons annually, including 1.2 million metric tons annually from the island of the island Das, and a million metric tons annually from the Ruwais LNG project.

Rashid Khalfan Al Mazrouei, Senior Vice President of Marketing in ADNOC, said that the long -term agreement signed with the ‘Indian Oil Corporation’ emphasizes the strength of relations between the UAE and India in the field of energy.

He added that through the global -level Ruwais project, ADNOC will continue to provide more low -emissions natural gas supplies to contribute to meeting the growing global demand and providing the energy that industrial sectors and homes need.

It is expected that the “Ruwais LNG Project” of ADNOC, which is currently being developed in the industrial city of Ruwais in Abu Dhabi, will start commercial operations in 2028.

So far, more than 8 million metric tons have been committed annually from the total production capacity of the 9.6 million metric tons annually, according to long -term supply agreements with a number of international clients, which confirms the strong global demand for the production of “ADNOC” of liquefied natural gas.

This step confirms the success of the comprehensive economic partnership agreement signed between the UAE and India in 2022, which continues to enhance bilateral cooperation between the two countries, especially in the fields of trade and energy.

The Ruwais project will be the first project to export liquefied natural gas, which is clean in the Middle East, which makes it one of the least liquefied natural gas factories in terms of carbon emissions density in the world.

The project will use advanced technologies including artificial intelligence tools and solutions to promote safety, reduce emissions and raise operational efficiency.

In November of last year, ADNOC Gas announced that it would have been acquired on the 60% “ADNOC” share in the Ruwais LNG project at the cost price in the second half of 2028.

Once the project enters into operation, it will contribute through two liquefied natural gas liquefies with a capacity of 4.8 million metric tons annually, with a total capacity of 9.6 million metric tons annually, to raising the current production capacity of the company from LNG to more than twice to reach 15 million metric tons annually.

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