India signs three billion dollar deal with United Arab Emirates for long term natural gas supply

India has signed a $3 billion deal with the UAE for liquefied natural gas. This agreement secures vital energy supplies for a ten-year period starting in 2028.

Insights:
India ININhas signed a $3 billion deal with the United Arab Emirates AEAEto purchase Liquefied Natural Gas in a move that significantly strengthens long-term energy security for the South Asian nation. The agreement was finalized during the India Energy Week conference and represents a major milestone in the growing trade relationship between the two countries. Under the terms of the deal, the Abu Dhabi National Oil Company will supply 0.5 million metric tons of Liquefied Natural Gasannually to Hindustan Petroleum Corporation Limited for a ten-year period starting in 2028.
An Abu Dhabi National Oil Company (ADNOC) robotic fueling arm fuels a car during a demonstration for a media tour in Abu Dhabi, United Arab Emirates, May 27, 2024. REUTERS/Nabila Eltigi
An Abu Dhabi National Oil Company (ADNOC) robotic fueling arm fuels a car during a demonstration for a media tour in Abu Dhabi, United Arab Emirates, May 27, 2024. REUTERS/Nabila Eltigi
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.