ADNOC, GAIL of India to explore LNG supply and decarbonisation opportunities

ADNOC, GAIL of India to explore LNG supply and decarbonisation opportunities

ABU DHABI: 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 optimisation 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 in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Shri Hardeep Singh Puri, India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs.

The agreement was signed by Sandeep Kumar Gupta, Chairman and Managing Director, GAIL (India) Ltd and Fatema Al Nuaimi, CEO ADNOC LNG, at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

Dr. Al Jaber said, “India is a strategic partner of the UAE, and we have a strong and long-standing bilateral relationship. Through this important new agreement, ADNOC and GAIL will seek opportunities to broaden our commercial partnership, with a particular focus on lower