DUBAI, United Arab Emirates — The United Arab Emirates announced on Monday a new liquefied natural gas (LNG) deal with a state-run Indian company valued at more than $2.5 billion.
The contract, signed between Adnoc Gas ― a subsidiary of the Abu Dhabi National Oil Co. ― and Hindustan Petroleum Corp. Ltd., provides for the supply of an annual half a million tons of LNG over a 10-year period, the Emirati company said.
The deal “brings the total value of contracts being supported and operated by Adnoc Gas to over $20 billion,” and will make India the UAE’s largest natural gas customer, Adnoc Gas said.
From 2029, Indian firms will account for just over a fifth of Adnoc Gas’ annual 15.6-million-tonne output, according to the company.
The latest deal was finalized on the sidelines of a visit by Emirati President Mohamed bin Zayed Al Nahyan to New Delhi, where he met with Indian Prime Minister Narendra Modi.
In a joint statement, the two leaders hailed growing trade between their countries since a 2022 agreement and committed to doubling it to $200 billion by 2032.
SIDELINES This photograph released by the Indian Press Information Bureau on Jan. 19, 2026, shows UAE President Sheikh Mohamed bin Zayed al-Nahyan (left) shaking hands with India’s Prime Minister Narendra Modi during their meeting in New Delhi. Emirati company Adnoc Gas signed a contract with India’s Hindustan Petroleum Corp. Ltd. on the sidelines of Zayed’s visit to India. AFP PHOTO