GAIL Inks 10-Year LNG Deal with ADNOC Gas to Meet India’s Rising Demand

India’s growing demand for LNG is a significant opportunity for GAIL, and this SPA with ADNOC Gas is a crucial step in augmenting our existing LNG portfolio,” said Mr. Sanjay Kumar, Director (Marketing), GAIL. Abu Dhabi, UAE, November 14, 2024 – In a major boost to India’s energy security, GAIL (India) Limited has signed a 10-year Sales and Purchase Agreement (SPA) with ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG), starting in 2026. *Key Highlights:* – 10-year SPA for up to 0.52 MMTPA LNG delivery – Six cargoes per year from ADNOC Gas’ Das Island facility – India’s LNG imports expected to rise, driven by coal-to-gas switching and power generation – GAIL to increase term LNG portfolio to meet growing demand *India’s LNG Market Growth* India, the fourth-largest LNG importer globally, aims to increase natural gas share in its energy mix to 15% by 2030. The country’s LNG regasification infrastructure has expanded significantly, with capacity doubling last year. *Stakeholders’ Reaction* Mr. Rashid Khalfan Al Mazrouei, ADNOC Gas Senior Vice President, Marketing, stated, “This agreement reinforces our position as a preferred partner for energy solutions in India.”