UAE’s Adnoc to supply BPCL with LNG: Andoc is reportedly close to signing a five-year LNG supply agreement to supply India’s state-owned oil refiner Bharat Petroleum Corp (BPCL) with 2.5 mn metric tonnes of LNG over five years, Reuters reports, citing unnamed sources in the know. The supplies are slated to begin entering the country by April.

An announcement is imminent: The agreement is expected to be signed during the IndiaEnergy Week, running from today until 14 February, the sources told Reuters.

More details: The agreement is set to see BPCL receive 40 cargos of LNG, with deliveries starting slow over the first two years and picking up in the following three. Adnoc has declined comment on the partnership, according to Reuters. No details on the financials were disclosed.

ALSO- Adnoc is set to ink a sales and purchase agreement (SPA) with Indian Oil during the same event, advancing the 15-year agreement they reached last September, the newswire reports. Supplies will also start trickling in April.

Adnoc’s on an LNG kick: Adnoc Gas has inked an AED 1.65 bn three-year LNG supplyagreement with Japan’s Jera last month. The company has recently secured multiple long-term LNG supply agreements in 2024, including a 10-year SPA with Indian state-owned natural gas company Gail, a 15-year SPA with Sefe Marketing & Trading Singapore for 1 mn tonnes of LNG, and other long-term LNG supply agreements to deliver 1.6 mn tonnes per year from the new plant to Shell and Mitsui. It also inked another 15-year agreement with German energy giant Energie Baden-Württemberg to supply it with 0.6 mn tonnes of LNG per year.

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