ADNOC Gas plc signed a 14-year agreement to supply LNG to Indian Oil Corp. Ltd.
The SPA delivery of 1.2 million tonnes/year (tpy) LNG sourced from the Das Island liquefaction plant which has a production capacity of up to 6 million tpy. Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.
The agreement is valued at $7-9 billion over its 14-year term. First LNG deliveries will start in 2026.