Oil & Gas Adnoc to sign LNG deal with India’s BPCL By Pramod Kumar February 11, 2025, 10:59 AM Wam Adnoc will sign an LNG supply deal with BPCL during the four-day India Energy Week conference State-run Abu Dhabi National Oil Company (Adnoc) will supply 2.5 million tonnes of liquefied natural gas (LNG) to India’s Bharat Petroleum Corporation (BPCL) under a new five-year deal, sources with knowledge of the matter have said. Indian’s state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning in April. In the initial two years, supplies would be less and will be gradually ramped up, one of the sources said. Adnoc will sign the deal with BPCL during the four-day India Energy Week conference. The value of the deal was not given. During the conference Adnoc will also sign sale purchase agreement with Indian Oil Corporation (IOC) for a 15 year LNG deal agreed in September last year. Supplies under Adnoc’s deal with IOC will begin from April next year. “We do not comment on commercial negotiations,” Adnoc said in an email response. BPCL and IOC did not respond to emails from Reuters seeking comments. Adnoc Gas strikes $450m LNG supply deal in Japan Algeria and Egypt lead Arab LNG export decline UAE and Qatari energy giants strike LNG deals The world’s fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15 percent by 2030 from 6.2 percent now. Indian companies are also looking at buying LNG from the US, oil secretary Pankaj Jain said earlier on Monday. In November 2024, Adnoc Gas signed a 10-year deal with Gail India, the largest natural gas company in the country, to supply up to half a million tonnes per annum of LNG starting in 2026.
