UAE's Adnoc To Supply Liquefied Natural Gas To Indian Oil Corporation For 15 Years
Abu Dhabi National Oil Company (Adnoc) will supply one million tonne per annum of liquefied natural gas to Indian Oil Corporation (IOC) - the third LNG supply deal signed with the UAE firm, the company said Monday. Adnoc will supply 1 million tonne of LNG from its Ruwais NG project for 15 years, the Abu Dhabi media office said. This is the third LNG supply deal between Adnoc and Indian state-owned firms in just over a year. In July last year, Adnoc Gas signed an agreement with IOC for export of up to 1.2 million tonne per annum of LNG "valued in the range of USD 7 billion to USD 9 billion over its 14-year term".
