Abu Dhabi National Oil Company (ADNOC) announced the exchange of two strategic collaboration agreements with Indian partners today, strengthening the expanding UAE-India energy partnership. The agreements build on the expanding partnerships of ADNOC with Indian companies across crude, LNG, and LPG supply, alongside energy storage opportunities, aiming to support the growing energy demand and long-term economic growth of India.
Dr. Sultan Al Jaber, ADNOC Managing Director and Group CEO, noted, “India’s scale and growth trajectory make it one of the defining energy markets of our time.” He added that as demand accelerates alongside a rapidly expanding population, the strength of the UAE–India energy partnership becomes ever more critical, reinforcing supply security and deepening strategic ties.
Strategic reserves could expand to 30 million barrels
ADNOC exchanged a strategic collaboration agreement with Indian Strategic Petroleum Reserves Limited to explore a range of opportunities spanning crude oil, LNG, and LPG storage as well as strategic reserves. This initiative includes a potential increase in the crude oil storage of ADNOC in India up to 30 million barrels, covering existing storage at Mangalore and potential new storage opportunities at Vishakhapatnam and Chandikol.
The agreement also explores potential crude storage in Fujairah as part of the strategic petroleum reserve of India, alongside potential LNG and LPG storage opportunities in India. This setup aims to support energy security and enhance the resilience of UAE-India energy supply chains amid a challenging global shipping environment.
Boosting UAE-India energy integration
The UAE energy group also exchanged a strategic collaboration agreement with Indian Oil Corporation to explore expanded LPG supply and trading opportunities, including through ADNOC Global Trading. This arrangement builds on the existing LPG term contract of the companies in place since 2023, supporting the development of a potential long-term LPG sale and purchase agreement. The agreement reinforces the role of ADNOC as a reliable LPG supplier to India and enables deeper integration across supply and shipping.
More widely, the UAE and India share a deep relationship underpinned by a Comprehensive Strategic Partnership that has expanded significantly in recent years across trade, energy, and infrastructure. Bilateral economic ties have strengthened further following the Comprehensive Economic Partnership Agreement, which entered into force in 2022, with both countries targeting $200 billion in trade by 2032. As one of the fastest-growing major economies in the world and a key driver of global energy demand, India continues to be a strategic priority for ADNOC at the center of key global energy growth trends.
Source: Economymiddleeast