Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

In an emergency bid to secure stable Liquefied Natural Gas (LNG) supply, state-run Gas Authority of India (GAIL) has signed an agreement with the Abu Dhabi National Oil Company (ADNOC) to expedite talks on short- and long-term sales agreements.

Signed on the sidelines of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC-2022), one of the world’s largest oil, gas, and energy exhibitions, the pact explores collaboration opportunities in LNG supply, decarbonisation, and future sales. The pact, signed in the presence of Petroleum Minister Hardeep Singh Puri, came after India reached out to the UAE with an eye on relieving its LNG woes in the near future, officials said.