ADNOC open to further long-term LPG deals with India, sees India among most important energy markets: Acting CEO, Downstream

Nasser Omair Al Muhairi, Acting CEO of ADNOC’s Downstream industry, Marketing and Trading. Source: Special Arrangement.

The Abu Dhabi National Oil Company (ADNOC) is open to further long-term liquefied petroleum gas (LPG) supply agreements with India and sees significant potential to deepen cooperation across crude oil, liquefied natural gas (LNG), naphtha, trading, shipping and strategic storage, Nasser Omair Al Muhairi, its Acting CEO (downstream industry, marketing and trading business) told The Hindu in an exclusive interaction.

“By combining [ADNOC’s] supply, trading and shipping capabilities, ADNOC is well positioned to provide Indian customers with reliable long-term LPG access, greater flexibility and enhanced energy security,” he said..

Mr. Al Muhairi described India as one of ADNOC’s most important energy markets.

Building on LPG supply agreement

Indian Oil had signed a strategic collaboration agreement with ADNOC in May during Prime Minister Narendra Modi’s visit to the United Arab Emirates (UAE). The agreement seeks to expand LPG supply and trading opportunities, including through ADNOC’s global trading unit, and potentially pave the way for a long-term sale and purchase agreement, building on the LPG term contract in place since 2023.