Gujarat Energy Limited has signed a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) for procuring Liquefied Natural Gas (LNG). The agreement was executed under Regulation 30 of SEBI LODR Regulations.

Agreement Details

  • Quantity: Up to 4.0 million tonnes of LNG
  • Duration: Ten-year agreement
  • Start Date: 2028
  • Counterparty: Abu Dhabi National Oil Company (ADNOC)
  • Supply Source: XRG's international gas portfolio (ADNOC's international investment company)

Strategic Significance

This agreement represents ADNOC's fifth LNG supply agreement in India and marks the first purchase of molecules from XRG's international portfolio. The deal was concluded through ADNOC's new global LNG marketing and trading platform launched in Abu Dhabi Global Market in July 2026.

Market Context

ADNOC's LNG marketing platform has signed supply agreements with INPEX in Japan, Gulf Group in Thailand, and now Gujarat Energy in India. The platform targets 47 mtpa (million tonnes per annum) of marketable LNG beyond 2030, positioning ADNOC among the world's leading LNG suppliers.

Company Operations

Gujarat Energy Limited operates across the energy value chain with:

  • Robust regasification infrastructure
  • Widespread city gas network operating across 44 districts in 6 states
  • Fast-growing trading presence in India
  • Operations in natural gas trading, city gas distribution, exploration and production of oil & gas, gas-based and renewable power generation, and LNG import infrastructure

Management Commentary

Rashid Al Mazrouei, Chief Marketing & Origination Officer (LNG) of ADNOC, stated: "This agreement with Gujarat Energy strengthens ADNOC's long-standing energy partnership with India. It represents the first sale of molecules from XRG's international portfolio, reinforcing our commitment to delivering reliable, long-term LNG supplies."

Ms. Avantika Singh Aulakh, Managing Director of GEL, stated: "Through this partnership, GEL and ADNOC are joining forces to fully realize the power of our collaboration. Natural gas is central to driving India's shift toward cleaner energy, acting as a crucial lower-carbon option that boosts industrial efficiency, offers households a safer cooking fuel, and accelerates the growth of eco-friendly transportation."

Additional Information

The press release was signed by Sandeep Dave, Company Secretary of Gujarat Energy Limited, and will be made available on the company's website at www.gujarat-energy.com.

About XRG

XRG is an international investment company with an enterprise value of over $150 billion, wholly owned by ADNOC, investing across natural gas, chemicals and scalable energy solutions.