ADNOC signs LNG supply agreement with IndianOil
Dhabi National Oil Company (ADNOC) has entered into a 15-year agreement with Indian Oil Corporation (IOC) to supply one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Ruwais project. The deal strengthens India’s energy security while supporting its rising energy demand. With this agreement, IOC will become ADNOC’s largest LNG customer by 2029, sourcing 2.2 MTPA — 1.2 MTPA from Das Island operations and 1 MTPA from Ruwais. The Ruwais LNG facility, currently under development in Al Ruwais Industrial City, will begin commercial operations in 2028. A lower-carbon LNG project The Ruwais facility will be the first in West Asia powered entirely by clean energy, placing it among the lowest carbon intensity LNG plants worldwide. Equipped with advanced technologies such as artificial intelligence, the plant will enhance efficiency, safety, and sustainability. Once operational, it will feature two liquefaction trains with a combined capacity of 9.6 MTPA. Strengthening India-UAE energy ties The agreement is another milestone under the Comprehensive Economic Partnership Agreement (CEPA) signed between India and the UAE in 2022, which has bolstered bilateral trade and energy cooperation. Rashid Khalfan Al Mazrouei, ADNOC’s Senior Vice President for Marketing, said the deal underscores the robust partnership between the two countries and will help meet global demand for lower-carbon gas while supporting industrial growth. Expanding LNG partnerships The Ruwais project, launched in November 2024, has already secured commitments for over 8 MTPA of its 9.6 MTPA capacity. Earlier this year, ADNOC signed a 10-year LNG supply deal with Hindustan Petroleum Corporation (0.5 MTPA) and another with GAIL (0.52 MTPA). These long-term agreements highlight India’s growing role as a key LNG importer.
India’s oil imports from US drop as Russian crude dominates despite tariff pressures
India’s crude oil imports from the US fell sharply in August even as Russian barrels continued to dominate the country’s energy basket, according to shipping analytics firm Kpler. US crude shipments to India dropped 37% month-on-month and 38% year-on-year to just 230,000 barrels per day (bpd). At the same time, India imported 1.7 million bpd from Russia, up 6% from July, though still 4% lower than a year earlier. India’s overall crude imports stood at 4.5 million bpd in August, lower than the previous month. This, even as trade relations got worse with Washington, which imposed an additional 25% tariff on imports from India, which came into force on August 27, for alleged large-scale purchases of discounted Russian oil despite Western sanctions. India, however, refuted these allegations, maintaining that its crude buying strategy is driven by national energy security needs and cost competitiveness. Condemning the tariffs as “unfair and unreasonable”, India claimed that the US and Europe’s own imports from Russia.
Hydrogen trucks to run on these 10 highways in India
The Central government has identified 10 highway stretches in different parts of the country to facilitate the operation of trucks running on green hydrogen, Union Road Transport and Highways Minister Nitin Gadkari said on Tuesday. The minister added that there will be stations to fill hydrogen in vehicles on these stretches. These hydrogen pumps will be set up by Indian Oil and Reliance Petroleum. Notably, Tata Motors, Ashok Leyland, and Volvo have already started making hydrogen-powered trucks. List Of Highways The identified highway stretches include Greater Noida-Delhi-Agra, Bhubaneshwar-Puri-Konark, Ahmedabad-Vadodara-Surat, Sahibabad-Faridabad-Delhi, Jamshedpur-Kalinganagar, Thiruvananthapuram-Kochi, Jamnagar-Ahmedabad, etc. Gadkari said that climate change is the biggest challenge facing India, adding that the country needs to improve its infrastructure to become a USD 5 trillion economy and the third largest economy in the world. While he also stressed that India has the potential to become the largest exporter of green hydrogen, the minister emphasised that by December this year, India’s logistics cost will come down to a single digit.