
Deals30 Jan 2024, 01:25 am
GAIL and ADNOC Gas ink long-term LNG contract boosting India's energy security
AI Summary
GAIL (India) Limited, India's largest natural gas company, has successfully concluded a long-term LNG purchase agreement with ADNOC Gas for around 0.5 MMTPA LNG, reinforcing the cultural and economic bonds between India and the UAE. The agreement will aid India's rising energy security requirements and fuel GAIL's strategic growth objectives. This long-term LNG deal is expected to contribute to bridging the gap in India's demand and supply of natural gas and open up more avenues of strategic partnership between GAIL and ADNOC in other areas of energy domain.,
Key Highlights
- GAIL and ADNOC Gas ink long-term LNG contract
- boosting India's energy security
- reinforcing cultural and economic bonds between India and UAE
- aid India's rising energy security requirements
- fuel GAIL's strategic growth objectives