GAIL signs agreement with ADNOC for purchase of LNG

In a notable development, GAIL (India) Limited has signed a deal with ADNOC Gas for supply of around 0.5 million tonnes per annum liquefied natural gas (LNG) for a period of 10 years, starting from 2026. ADNOC would supply LNG to GAIL to meet the country’s rising natural gas demand. In October 2022, GAIL and ADNOC had signed a memorandum of understanding (MoU) to explore opportunities including LNG supply to GAIL by ADNOC. GAIL is a leading natural gas company, operating over 16,000 km pipeline network across the country. It is engaged in gas trading, transmission, liquefied petroleum gas (LPG) production and transmission, LNG regasification, petrochemicals, city gas distribution (CGD), exploration and production.