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20/01/2026 04:28 AST
The UAE announced on Monday a new liquified natural gas (LNG) deal with a state-run Indian company valued at more than $2.5 billion dollars.
The contract, signed between ADNOC Gas -- a subsidiary of the Abu Dhabi National Oil Company -- and Hindustan Petroleum Corporation Ltd, provides for the supply of an annual half a million tonnes 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's annual 15.6-million-tonne output, according to the company.
The latest deal was finalised on the sidelines of a visit by Emirati President HH Sheikh 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.
AFP
08/01/2026
Abu Dhabi National Oil Company (Adnoc) today (January 7) announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project within the Ghasha Concession located offs
Trade Arabia
22/12/2025
Abu Dhabi National Oil Company (ADNOC) has signed a $2 billion green financing agreement backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations.
Trade Arabia
27/11/2025
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, today announced the signing of a landmark agreement, valued between $3.5 billion and $4.2 billion with EMSTEEL, one of
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 24.52 | 0.06 (0.24 |
| ADNOCDRILL | 5.49 | 0.09 (1.66 |
| BAHRI | 29.50 | 0.00 (0.00 |
| ADES | 16.97 | 0.12 (0.71 |
| NMDCENR | 2.40 | 0.01 (0.41 |
21/01/2026
The CEO of Saudi Aramco, Engineer Amin Nasser, on Tuesday revealed fundamental transformations in the company's financial and operational performance thanks to the adoption of artificial intelligence
Asharq Al Awsat
21/01/2026
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has become the first bank in the region to exceed a banking brand value of $10bn, a major milestone driven by constan
Gulf Times
21/01/2026
Qatar Gas Transport Company (Nakilat) has delivered a net profit of QAR1.69 billion ($463.75 million) in FY2025, representing an increase of 3.1% compared to QAR1.64 billion ($450 million) in 2024, r
Trade Arabia
21/01/2026
Ajman Bank has welcomed a new group of employees who have joined the organization as part of its ongoing Emiratization and talent development journey, reinforcing the Bank's long-term commitment to b
Khaleej Times
21/01/2026
Al Salam Bank marks its 20th anniversary, celebrating two decades of strategic evolution, institutional resilience, and sustained leadership within Bahrain's banking sector.
Since its estab
Khaleej Times
Financial Information Co.
Saudi Arabia