The supply will
come from XRG-owned production outside the Gulf through ADNOC’s global LNG
marketing and trading platform. It is ADNOC’s fifth LNG supply agreement in
India. Gujarat Energy’s
stock-exchange disclosure specifies procurement of approximately 0.4 million
tonnes per annum from ADNOC Trading Limited. This corresponds to the announced
maximum volume of four million tonnes over the agreement’s 10-year
duration. The filing confirms that
pricing will be linked to the Henry Hub index. It does not disclose the
complete pricing formula or a total contract value. The agreement follows board approval on 5
November for long-term LNG sourcing arrangements with international suppliers.
Gujarat Energy said the contract would strengthen energy security for its
customers and support India’s wider supply requirements. The transaction extends ADNOC’s Indian
supply relationships through its international portfolio. While earlier
agreements with Indian buyers have drawn on production in the United Arab
Emirates, this contract connects overseas production held by XRG with Indian
demand. ADNOC launched its global LNG
marketing and trading platform in Abu Dhabi Global Market in July 2026. The
platform has subsequently concluded agreements with INPEX in Japan, Gulf Group
in Thailand and Gujarat Energy. Its
stated ambition is to market 47 million tonnes per annum of LNG beyond 2030.
That figure is a portfolio target, separate from the volumes contracted to
Gujarat Energy. The Henry Hub linkage
identifies the benchmark underlying the purchase arrangement, but it does not
establish a fixed delivered price. The publicly available filing provides no
detailed breakdown of additional charges or contractual adjustments. For Gujarat Energy, the disclosed annual
quantity establishes the scale of the long-term procurement commitment. The
announcement also distinguishes a signed sales and purchase agreement from
preliminary discussions or a non-binding expression of interest. The filing identifies ADNOC Trading
Limited as the contractual counterparty and describes the transaction as an
international LNG procurement arrangement, without an equity investment or
joint-venture component. ADNOC’s
Indian LNG relationships have expanded through several long-term agreements. In
November 2024, GAIL (India) signed a 10-year sales and purchase agreement with
ADNOC Gas for up to 0.52 million tonnes annually, with supplies scheduled to
begin in 2026. That agreement
specified six cargoes each year from the Das Island liquefaction facility. GAIL
described the purchase as part of its effort to enlarge its term LNG portfolio
and serve demand across different customer sectors. The GAIL arrangement provides a useful
comparison: it identified both the annual cargo schedule and the supply
facility, whereas the Gujarat Energy announcement identifies XRG’s
international portfolio as the source.
ADNOC Gas also signed a separate 10-year agreement with Hindustan
Petroleum Corporation Limited in January 2026, valued at between US$2.5 billion
and US$3 billion. HPCL said supplies
under that contract would be received at its five-million-tonne-per-annum LNG
regasification terminal at Chhara, Gujarat. That receiving arrangement belongs
to the HPCL contract and has not been identified as the destination for Gujarat
Energy’s newly contracted volumes.