UAE Business: Adnoc, GAIL in deal to explore LNG, decarbonisation opportunities – Gulf Digital News

UAE Business: Adnoc, GAIL in deal to explore LNG, decarbonisation opportunities – Gulf Digital News

Abu Dhabi National Oil Company (Adnoc) and GAIL (India) Limited have signed a MoU 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  today (October 31) 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 Hardeep Singh Puri, India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs.

The agreement was sealed by Sandeep Kumar Gupta, Chairman and Managing Director, GAIL (India) and Fatema Al Nuaimi, CEO of 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