ADNOC Signs 10-Year LNG Supply Deal With Gujarat Energy
Abu Dhabi's ADNOC has signed a 10-year LNG supply and purchase agreement with Gujarat Energy. The deal is ADNOC's fifth long-term LNG supply agreement with India. It covers both supply and purchase of the fuel over the decade-long period.
Context
Context: LNG is natural gas cooled into liquid form so it can be shipped, and India relies on imports for much of its gas. ADNOC is the UAE's state oil company, and long-term contracts help buyers plan supply.
Burning Potato score: 59%