Gujarat Energy has signed a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) for the procurement of up to 4.0 million tonnes of Liquefied Natural Gas (LNG). The ten-year agreement, effective from 2028, marks Gujarat Energy’s first procurement of molecules from ADNOC’s international investment company, XRG. This deal strengthens India’s LNG supply and Gujarat Energy’s position in the market.
Gujarat Energy Seals Major LNG Procurement Deal
Gujarat Energy announced today the signing of a significant long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC). Under this agreement, Gujarat Energy will procure up to 4.0 million tonnes of Liquefied Natural Gas (LNG) over a ten-year period, commencing in 2028. This marks a key milestone as it is Gujarat Energy’s first purchase of molecules from XRG, ADNOC’s international investment arm.
Strategic Partnership and Market Expansion
The agreement is structured through ADNOC’s global LNG marketing and trading platform, which aims to deliver 47 mtpa of marketable LNG beyond 2030. This is ADNOC’s fifth LNG supply agreement in India, underscoring its commitment to the Indian energy market. Rashid Al Mazrouei, Chief Marketing & Origination Officer (LNG) at ADNOC, stated that the agreement reinforces ADNOC’s long-standing energy partnership with India and highlights the integration of their global portfolio with key markets.
Gujarat Energy’s Role in India’s Energy Future
Ms. Avantika Singh Aulakh, Managing Director, Gujarat Energy, emphasized that this partnership will help realize the full potential of their collaboration. She highlighted Gujarat Energy’s strong market position, backed by robust regasification infrastructure, an extensive city gas network across 44 districts in 6 states, and a growing trading presence. Natural gas is identified as a crucial element in India’s transition to cleaner energy, offering a lower-carbon option that boosts industrial efficiency and supports eco-friendly transportation.
About the Companies
About ADNOC: ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, focused on maximizing the value of the UAE’s hydrocarbon reserves and supporting the nation’s economic growth.
About XRG: XRG is an international investment company, a subsidiary of ADNOC, with an enterprise value exceeding $150 billion. It invests across natural gas, chemicals, and scalable energy solutions, focusing on assets and companies meeting global energy demand.
About Gujarat Energy: Gujarat Energy Limited (GEL) is an integrated and diversified energy company in India, operating across the entire energy value chain, including natural gas trading, city gas distribution, exploration, and renewable power generation. GEL is committed to securing India’s clean energy future.
Source: BSE
