Abu Dhabi National Oil Co. (Adnoc) Gas has entered into long-term purchase agreements with two Indian state-run energy firms–Indian Oil Corp. Ltd and Bharat Petroleum Co. Ltd.

Adnoc Gas signed a 14-year up to $9 billion deal with Indian Oil for the export of up to 1.2 million tons per annum (mtpa) of liquefied natural gas (LNG), the company said.

“The agreement strengthens our partnership with Indian Oil and is a testament to robust energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, Adnoc Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030,” ADNOC Gas CEO Fatema Al Nuaimi said.

The agreement advances Adnoc Gas’ strategy to broaden its customer base through a series of LNG agreements signed over the past two years, ranging from 0.4 to 1.2 mtpa for up to 14 years, solidifying its role as a major supplier of reliable, lower-carbon liquefied natural gas to key Asian growth markets, including India.

The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa.

As the world’s third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.

Indian Oil was incorporated in 1959, and it became a corporation in 1964 through the merger of Indian Oil Co. Ltd and Indian Refineries Ltd.

The energy company operates 11 refineries across India, with a combined refining capacity of 80.7 million metric tons per annum (MMTPA).

Adnoc Gas to supply BPCL

Meanwhile, Adnoc Gas will also supply 2.5 mtpa of LNG to Bharat Petroleum under a new five-year deal, Reuters reported, citing people with knowledge of the matter.

Beginning April, Indian state refiner Bharat Petroleum will receive 40 cargos of LNG under the five-year contract, the report said.

India, the fourth largest importer of LNG after China, Japan and South Korea, has set a goal of increasing the share of gas in its energy mix to 15% by the end of this decade from 6.2% now.

Supplies would be regulated in the first two years till 2027 before being gradually ramped up, the report said.

Founded in 1928 and nationalized as Bharat Petroleum Corp. Ltd in 1977, BPCL operates three refineries in Mumbai, Kochi, and Bina with a combined capacity of 38.3 mmtpa.

The company, which produces fuels, lubricants, and petrochemicals, plans to invest $4.05 billion over the next five years to boost refining capacity and petrochemical production, aiming for net-zero emissions by 2040 as it expands into renewable energy.