Abu Dhabi National Oil Company (Adnoc) will supply one million tonne per annum of liquefied natural gas to Indian Oil Corporation (IOC) – the third LNG supply deal signed with the UAE firm, the company said Monday. Adnoc will supply 1 million tonne of LNG from its Ruwais NG project for 15 years, the Abu Dhabi media office said. This is the third LNG supply deal between Adnoc and Indian state-owned firms in just over a year. In July last year, Adnoc Gas signed an agreement with IOC for export of up to 1.2 million tonne per annum of LNG "valued in the range of USD 7 billion to USD 9 billion over its 14-year term".
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