ADNOC Gas has signed a 14-year agreement to supply up to 1.2 million tonnes per annum of LNG to Indian Oil, valued at between $7 billion and $9 billion.

The deal formalises a previous Heads of Agreement between the two companies and strengthens the long-standing energy partnership between the UAE and India.

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five year deal, sources with knowledge of the matter said on Monday.

Indian Oil Corporation (IOC), the nation's largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract.

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Indian Oil Corporation has entered a long-term agreement with UAE's ADNOC Gas to import liquefied natural gas over 14 years, valued at $7-9 billion. Additionally, other significant deals were signed at India Energy Week,

Adnoc Gas on Wednesday signed a 14-year deal to supply liquefied natural gas to state-backed Indian Oil. It will export up to 1.2 million tonnes per annum of LNG to Indian Oil. The agreement is valued between $7 billion to $9 billion over its 14-year term and “signifies a major step forward in the partnership between the two industry leaders”,

BAKU, Azerbaijan, February 13. ADNOC Gas has finalized a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil) for the export of up to 1.2 million tons per annum (mtpa) of LNG, Trend reports.

Indian Oil Corp is in talks with U.S. firm Cheniere Energy for a 15-year liquefied natural gas deal, with volumes between 1.5 million to 2 million metric tons per year, said a company source on Tuesday on the sidelines of the India Energy Week conference.