Indian Oil Corporation has signed a 14-year agreement to buy up to 1.2 million tonnes per annum of LNG from UAE’s ADNOC Gas starting 2026, valued at $7-9 billion. Bharat Petroleum also secured an agreement for 2.4 million tonnes of LNG annually starting April 2025. Additionally, Indian Oil will export LNG to Nepal for the first time through Dhamra Terminal.
