India is taking bold steps to secure its energy future and expand its regional influence in the LNG market. With Indian domestic gas demand increasing, the Indian Oil Corporation (IOC) has inked a milestone contract with UAE's ADNOC Gas to buy as much as 1.2 million tonnes per year of liquefied natural gas (LNG) from 2026. Worth between $7-9 billion for 14 years, the agreement bolsters India's long-term energy security policy.
Not just IOC, but Bharat Petroleum Corporation Limited (BPCL) has also stepped up, signing a five-year agreement with ADNOC Gas to source 2.4 million tonnes of LNG annually from April 2025. These deals come as India’s gas marketers increasingly turn to imports to meet industrial and consumer demand.
While securing imports, India has also made a historic leap in exports. On Wednesday, IOC finalized its first-ever LNG export deal with Yogya Holdings Nepal. The deal will witness approximately one thousand metric tonnes of LNG delivered through cryogenic trucks at the Dhamra Terminal in Odisha, representing India's foray into regional gas commerce.
While India continues to bolster its LNG supply chain with global partnerships and global logistics, such strategic initiatives place the nation as a prime consumer as well as upcoming provider in the new energy transition.
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