Under the SPA, Adnoc Gas will supply up to 1.2 million tonnes per annum (mtpa) of LNG to Indian Oil.
Adnoc Gas said this agreement converts the previous heads of agreement between the parties, with first deliveries to begin in 2026.
The agreement is valued in the range of $7 billion to $9 billion over its 14-year term, it said.
Adnoc Gas said the LNG supplies will be sourced from its Das Island liquefaction facility, which has a production capacity of up to 6 mtpa.
More to follow..
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