{"id":6632,"date":"2023-07-19T11:07:45","date_gmt":"2023-07-19T11:07:45","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=6632"},"modified":"2023-07-19T11:09:37","modified_gmt":"2023-07-19T11:09:37","slug":"uaes-adnoc-gas-agrees-7-billion-9-billion-14-year-lng-agreement-with-indian-oil-corp-statement","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/6632\/","title":{"rendered":"UAE&#8217;S ADNOC Gas agrees $7 billion-$9 billion 14-year LNG agreement with Indian Oil Corp -statement"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Roydad Naft News Agency &#8211; Abu Dhabi&#8217;s ADNOC Gas\u00a0on Tuesday announced a 14-year $7 billion-$9 billion deal with Indian Oil Corp\u00a0to supply 1.2 million metric tonnes of liquefied natural gas (LNG) per year, ADNOC said in a statement.<\/p>\n\n\n\n<p>The deal was signed during Prime Minister Narendra Modi&#8217;s Visit to the United Arab Emirates (UAE) last week, IOC said in a statement issued on Monday, adding that India&#8217;s trade treaty with the UAE enables it to import LNG without paying a 2.5% import tax.<\/p>\n\n\n\n<p>Indian companies are spending billions of dollars to boost their gas infrastructure and are scouting for long term LNG import deals as the country aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% currently.<\/p>\n\n\n\n<p>State-backed oil giant Abu Dhabi National Oil Co (ADNOC) has sharpened its focus on the gas market as competition for LNG has ramped up since the Russian invasion of Ukraine in February 2022, with Europe in particular needing large amounts to help replace gas piped from Russia.<\/p>\n\n\n\n<p>ADNOC raised about $2.5 billion in March through a sale of roughly 5% of its gas business in an IPO.<\/p>\n\n\n\n<p>The supply deal to India was\u00a0first reported\u00a0on Monday by IOC, but it omitted any information about the estimated dollar amount.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-07-19T11:09:37+00:00\"> 19 July 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Roydad Naft News Agency &#8211; Abu Dhabi&#8217;s ADNOC Gas\u00a0on Tuesday announced a 14-year $7 billion-$9 billion deal with Indian Oil Corp\u00a0to supply 1.2 million metric tonnes of liquefied natural gas (LNG) per year, ADNOC said in a statement. The deal was signed during Prime Minister Narendra Modi&#8217;s Visit to the United Arab Emirates (UAE) last [&hellip;]","protected":false},"author":1,"featured_media":6633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,20,36,19,35],"tags":[],"services":[],"class_list":["post-6632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-gas","category-lastnews","category-news","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=6632"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/6633"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=6632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=6632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=6632"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=6632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}