SEATTLE (Oil Monster): The energy partnership between the United Arab Emirates and India has entered a new phase after Abu Dhabi National Oil Company signed fresh agreements aimed at strengthening fuel security and expanding long-term energy trade cooperation.
The pact with Indian Strategic Petroleum Reserves Ltd focuses on evaluating additional crude storage capacity across India, potentially increasing ADNOC’s stored crude volumes to nearly 30 million barrels. Existing storage infrastructure in Mangalore could be expanded, while new opportunities are being assessed. Discussions also include possible fuel reserve storage in Fujairah and expanded liquefied natural gas and liquefied petroleum gas storage within India.
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A parallel agreement with Indian Oil Corporation targets broader LPG supply arrangements and enhanced trading activity through ADNOC’s commercial network.
ADNOC described India as one of the world’s fastest-growing energy markets, making it central to the company’s global growth strategy.
Earlier this year, ADNOC Gas signed a multi-year LNG supply contract with Hindustan Petroleum Corporation Limited, reinforcing ADNOC’s long-term commitment to supporting India’s rapidly rising energy demand while strengthening supply resilience across Asia.
