Current Affairs - Business - Discussion

ADNOC Gas and Indian Oil Corporation have finalized a 14-year agreement for the supply of up to 1.2 million tonnes of LNG annually, starting in 2026. The deal, valued between $7 billion and $9 billion, is part of India's broader strategy to increase gas usage to 15% of its energy mix by 2030. The LNG will be sourced from ADNOC Gas's Das Island facility, which has been operational for years and has delivered over 3,500 LNG cargoes since its inception.