ADNOC has announced the exchange of two strategic collaboration agreements with Indian partners, further strengthening the growing energy partnership between the UAE and India.
The agreements build on ADNOC’s growing collaborations with Indian companies in crude, LNG, and LPG supply, as well as energy storage, supporting India’s rising energy needs and long-term economic growth.
Dr. Sultan Ahmed Al Jaber MD & Group CEO – ADNOC UAE Minister of Industry & Advanced Technology
“India’s scale and growth trajectory make it one of the defining energy markets of our time. As demand accelerates alongside a rapidly expanding population, the strength of the UAE–India energy partnership becomes ever more critical. These agreements reinforce supply security, deepen our strategic ties, and underscore ADNOC’s role as a dependable partner in powering India’s long-term economic growth.”
ADNOC exchanged a strategic collaboration agreement with Indian Strategic Petroleum Reserves Limited to explore a range of opportunities spanning crude oil, LNG, and LPG storage as well as strategic reserves. This includes a potential increase in the UAE company’s crude oil storage in India up to 30 million barrels, including existing storage at Mangalore and potential new storage opportunities at Vishakhapatnam and Chandikol.
The agreement also explores potential crude storage in Fujairah as part of India’s strategic petroleum reserve, alongside potential LNG and LPG storage opportunities in India, supporting energy security and enhancing the resilience of UAE-India energy supply chains amid a challenging global shipping environment.
ADNOC also exchanged a strategic collaboration agreement with Indian Oil Corporation to explore expanded LPG supply and trading opportunities, including through ADNOC Global Trading, building on the companies’ existing LPG term contract in place since 2023 and supporting the development of a potential long-term LPG sale and purchase agreement. The agreement reinforces the UAE company’s role as a reliable LPG supplier to India and enables deeper integration across supply and shipping.
