LNG tanker BENUE (48699576983)

EnergyUnited Arab Emirates

ADNOC signs 10-year LNG supply deal with India's Gujarat Energy

ADNOC will supply 4 million tonnes of liquefied natural gas to Gujarat Energy over 10 years. Separately, Abu Dhabi signed an agreement to explore LNG supply for industries.

Photo: kees torn, CC BY-SA 2.0, via Wikimedia Commons

Energy ·

ADNOC, the Abu Dhabi energy company, has signed a deal to supply liquefied natural gas (LNG) to Gujarat Energy in India. LNG is gas cooled into a liquid so it can be shipped. The agreement covers 4 million tonnes over 10 years.

Energy

Abu Dhabi also signed a memorandum of understanding, a non-binding agreement, to explore LNG supply for industries. The headline describes potential investment of up to Dh1 billion. No further terms are given.

In numbers

  • 4 million tonnesLNG over 10 years
  • Dh1 billionPotential investment
Where
United Arab Emirates
Published
Section
Energy

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: kees torn, CC BY-SA 2.0, via Wikimedia Commons

Back to the front page

More news

Solomon Sea (oil tanker), in the Solent, EnglandEnergy risingOil swings as traders weigh chances of easing in the Iran warOil prices moved sharply as traders judged whether the Iran war could ease. Higher fuel costs are already pushing airlines to raise forecasts, which can feed into ticket prices and other costs.WTI crudeup +2.49%1 monthNew York Stock Exchange August 2017 02MarketsTech stocks slide worldwide as AI worries spread; US futures steadyA sharp drop in AI-linked shares moved from Wall Street to Asia and Europe after worries about tighter rules on data centers. US futures rose on Friday as some investors bought the dip.Nasdaq Compositedown −10.39%1 monthCasascius coinCryptoBitcoin and Ether ETFs lose $530 million in a day as Bitcoin dips under $76,000US funds that hold Bitcoin and Ether saw about $530 million leave in one day, reversing the prior session's inflows. Bitcoin fell below $76,000 and Ether dropped 8.5% to $2,220.Bitcoindown −11.67%1 monthMunch - Workers on the Building Site. Draft for a Decoration of Oslo City Hall, 1931–1933, MM.M.00977Economy risingUS employers add 165,000 jobs in October as unemployment dips to 4.1%The US economy created 165,000 jobs in October, and the unemployment rate edged down to 4.1%. Steady hiring supports household incomes and the broader economy.Holding Bitcoin cryptocurrency coinCryptoBitcoin slides toward $75,000 as tech stocks sell offBitcoin dropped toward $75,000 after a broad sell-off in technology stocks, giving up gains made after the election. Recovery looks fragile as investors stay cautious.Bitcoindown −11.67%1 monthGigafactory Texas Construction North Elevation February 2021CompaniesTesla to end Cybertruck production in Texas by mid-2027Tesla will wind down Cybertruck production at its Texas factory by mid-2027 to make room for more Cybercab output, Elon Musk said.Tesladown −5.35%1 month