ADNOC inks 15-year LNG deal with IndianOil, set to become its biggest buyer from 2029

Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement with Indian Oil Corporation (IndianOil) for 1 million tonnes per annum (mtpa) of liquefied natural gas, primarily from ADNOC’s lower-carbon Ruwais LNG project.

The agreement, which converts a previous heads of agreement into a definitive contract, allows deliveries to any Indian port, supporting India’s rising gas demand and energy security. By 2029, IndianOil is expected to become ADNOC’s largest LNG customer, with total offtake reaching 2.2 mtpa—comprising 1.2 mtpa from ADNOC’s Das Island operations and 1 mtpa from Ruwais.

Currently under development in Al Ruwais Industrial City, the Ruwais LNG facility is slated to begin commercial operations in 2028. Designed to run on clean power, it aims to be among the lowest carbon-intensity LNG plants globally and will deploy advanced technologies, including AI, to boost safety and efficiency.

Market interest remains strong: more than 8 mtpa of the project’s 9.6 mtpa capacity has already been committed through long-term contracts. ADNOC Gas has said it expects to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost in the second half of 2028. Once complete, the project—two 4.8 mtpa trains—would lift ADNOC Gas’s operated LNG capacity to around 15 mtpa.