IOC signs LNG deals with UAE’s Adhoc, France’s TotalEnergies

India’s top oil firm IOC has signed deals to import liquefied natural gas (LNG) from UAE’s Abu Dhabi Gas Liquefaction Co Ltd and TotalEnergies of France on a long-term basis. Indian Oil Corporation (IOC) signed the deals during Prime Minister Narendra Modi’s visit to France and the UAE last week.

A “Head of Agreement (HoA) (was signed) between Indian Oil Corporation Limited and TotalEnergies Gas and Power Ltd (TotalEnergies) to establish a long-term LNG sale and purchase agreement (SPA),” according to the list of agreements put out by the Ministry of External Affairs.