ADNOC and GAIL of India to explore LNG supply and decarbonization opportunities

ADNOC and GAIL of India to explore LNG supply and decarbonization opportunities

- Companies to examine both short and longer term LNG supply and trading optimization opportunities

- Joint collaboration and investment opportunities in both energy and renewables to be reviewed

Abu Dhabi, UAE: Abu Dhabi National Oil Company (ADNOC) and GAIL (India) Limited signed a Memorandum of Understanding, today, to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short and long term LNG sales agreements.

The agreement also includes potential optimization of LNG trading activities, the review of joint equity investments in renewables and the monitoring of greenhouse gasses for LNG cargoes, to support low carbon LNG supplies.

The agreement was exchanged between Sandeep Kumar Gupta, Chairman and Managing Director, GAIL (India) Ltd and Fatema Al Nuaimi, CEO ADNOC LNG in the presence of His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change, and ADNOC Managing Director and Group CEO, and H.E. Shri Hardeep Singh Puri, India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

H.E. Dr. Al Jaber said: “India is a strategic partner of the UAE and we have a strong and longstanding bilateral relationship. Through