How much LNG does the ADNOC and Gujarat Energy deal cover?

Reported coverage is up to 4 million tonnes over a 10-year term, with deliveries starting in 2028. Spread evenly, that is roughly 0.4 million tonnes a year. The contract's annual contract quantity and flexibility terms were not available to us.

Where would the LNG come from?

Reports from UAE and Indian outlets say the supply is from XRG's international gas portfolio and was concluded through ADNOC's LNG marketing and trading platform. We could not confirm the specific liquefaction projects behind the cargoes.

Is this a trading signal?

No. This is analysis, not advice. A small, long-dated contract with undisclosed pricing says little about near-term spot LNG prices.

ADNOC Signs 10-Year, 4 Mt LNG Deal With Gujarat Energy

ADNOC's reported 10-year LNG supply deal with Gujarat Energy is modest in size. The signal is about XRG's portfolio, not the volume.

ADNOC's new LNG deal with Gujarat Energy is real but modest: up to 4 million tonnes over ten years, or roughly 0.4 million tonnes a year, with deliveries reported from 2028. It matters more as a signal of XRG's supply push into India than as a volume shift.

The Gulf Barrel Desk November 9, 2026 Updated November 9, 2026 · 3 min read

ADNOC and Gujarat Energy signed a long-term LNG sales and purchase agreement on 6 November 2026, reported at up to 4 million tonnes over 10 years.
That averages about 0.4 million tonnes a year, a small contract by LNG standards. The average is our arithmetic, not a stated annual quantity.
Deliveries are reported to start in 2028, and the cargoes are reported to come from XRG's international portfolio.
A counterparty naming discrepancy exists in one outlet's coverage, so the exchange filing is the document to rely on.
Pricing basis, delivery terms and the named supply projects were not available to us. This is analysis, not trading advice.

ADNOC has signed a long-term LNG sales and purchase agreement with India's Gujarat Energy, announced on 6 November 2026. Emirates News Agency reporting describes supply of up to 4 million tonnes over ten years, and regional coverage puts first deliveries in 2028. On those numbers the contract is small. Its significance lies in who is selling: the cargoes are reported to come from XRG's international portfolio rather than from UAE liquefaction alone.

What was actually signed

The agreement is a sales and purchase agreement, the binding document that sets volumes, delivery terms and the pricing formula. Public reports give a ceiling of up to 4 million tonnes across a 10-year term, which averages about 0.4 million tonnes a year. That average is our arithmetic, not a disclosed annual quantity. The pricing basis, delivery point and flexibility clauses were not available to us, so the commercial weight of the deal cannot yet be sized.

Why the XRG supply source matters

WAM reports that the LNG comes from XRG, ADNOC's international investment arm, and describes it as the first sale from that international gas portfolio. Other coverage says the deal was concluded through ADNOC's LNG marketing and trading platform. If accurate, this shows a Gulf national oil company acting as a portfolio seller that can supply from several origins. We could not confirm which liquefaction projects stand behind the cargoes, so treat that origin as unconfirmed.

A small contract, not a market mover

At roughly 0.4 million tonnes a year on average, the deal is a modest slice of global LNG trade and unlikely to move spot pricing. Its value is directional: an Indian buyer is locking in a decade of supply from a Gulf seller, and the term is long enough to count as contracted rather than opportunistic. Whether that is meaningful depends on the undisclosed price formula and whether deliveries begin on schedule in 2028.

Discrepancies and what to watch

Reporting is not fully uniform. Most outlets name ADNOC as the seller, while at least one names ADNOC Trading Limited as the counterparty, so the Gujarat Energy exchange filing is the document to rely on. Watch for the disclosed annual contract quantity, the pricing index, the named supply projects and any first-cargo timing update. Until then, this remains an announced agreement rather than a measured flow. This piece is analysis, not trading advice.

How much LNG does the ADNOC and Gujarat Energy deal cover?: Reported coverage is up to 4 million tonnes over a 10-year term, with deliveries starting in 2028. Spread evenly, that is roughly 0.4 million tonnes a year. The contract's annual contract quantity and flexibility terms were not available to us.
Where would the LNG come from?: Reports from UAE and Indian outlets say the supply is from XRG's international gas portfolio and was concluded through ADNOC's LNG marketing and trading platform. We could not confirm the specific liquefaction projects behind the cargoes.
Is this a trading signal?: No. This is analysis, not advice. A small, long-dated contract with undisclosed pricing says little about near-term spot LNG prices.

Adnoc, Gujarat Energy seal long-term LNG SPA — LNG Prime
ADNOC signs agreement to supply India's Gujarat Energy up to 4 million tonnes of LNG — Emirates News Agency (WAM)
Gujarat Energy disclosure: ADNOC agreement (6 November 2026) — National Stock Exchange of India (company filing)