LNG up to 4 million tons, ADNOC signs 10-year supply contract with India

Abu Dhabi National Oil Company (ADNOC) signed a 10-year agreement to supply up to 4 million tonnes of LNG to India's Gujarat Energy, with the Indian firm disclosing in a stock exchange filing that the counterparty is ADNOC Trading Limited and that annual offtake is 400,000 tonnes. ADNOC said the deal is its fifth LNG supply contract with India, with volumes sourced from XRG's international gas portfolio and delivered through ADNOC's sales and trading platform. The 400,000-tonne annual figure multiplied over the 10-year term arithmetically matches the headline 4 million tonnes, indicating the maximum volume refers to the cumulative contract total rather than yearly deliveries. The agreement deepens ADNOC's push into India's growing gas market and expands its long-term LNG book. What to watch next is whether the contract converts into firm, binding offtake or retains flexibility on volumes, and how it fits into ADNOC's broader Indian supply portfolio.