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GAIL (India) inks LNG contract with ADNOC Gas

30 Jan 2024 Evaluate

GAIL (India) has successfully concluded a long-term LNG purchase agreement for purchase of around 0.5 MMTPA LNG from ADNOC Gas. This is pursuant to an MoU dated October 30, 2022 between GAIL and Abu Dhabi National Oil Company (ADNOC) P.J.S.C wherein Parties agreed that, in potential areas of collaboration both parties shall explore opportunities including purchase of LNG by GAIL from ADNOC for a tenure ranging from short term to medium and long-term. This significant development between GAIL and ADNOC will reinforce the robust cultural and economic bonds between India and the United Arab Emirates (UAE).

Under this agreement, the deliveries will commence from 2026 onwards for a duration of 10 years, across India. This arrangement is believed to further aid in India's rising energy security requirements and, simultaneously, also fuel GAIL's strategic growth objectives to cater to its downstream customers in the rapidly evolving Natural Gas landscape of the country. 

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.


GAIL India Share Price

162.50 -4.00 (-2.40%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 162.50
Gujarat Gas 381.10
Indraprastha Gas 160.70
Mahanagar Gas 1106.55
Adani Total Gas 620.95
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