Adnoc open to more long‑term LPG deals with India, cites strategic energy partnership

ADNOC signals openness to more long‑term LPG contracts with India

In an exclusive interview with The Hindu, Nasser Omair Al Muhairi, acting CEO of ADNOC’s downstream, marketing and trading business, said the company is ready to discuss further long‑term LPG supply agreements with India. He positioned India as “one of ADNOC’s most important energy markets” and pointed to existing collaborations – a strategic LPG term contract in place since 2023 and a broader partnership signed with Indian Oil during Prime Minister Narendra Modi’s 2024 UAE visit.

Al Muhairi highlighted ADNOC’s “reliability, operational resilience and proximity” as advantages that can give Indian customers greater flexibility and enhanced energy security. The emirate is also expanding its oil‑production capacity to five million barrels per day by 2027 and is looking at strategic storage options with Indian Strategic Petroleum Reserves Ltd (ISPRL) that could lift crude‑oil, LNG and LPG storage in India to as much as 30 million barrels.

Fuel price updates across Indian cities on 13 October

A separate LiveMint report tracked petrol, diesel and CNG rates in 13 October across major Indian metros. Prices were unchanged in several locations, but notable moves were recorded:

Bengaluru recorded the largest cuts in both fuels, while Patna saw the biggest hikes. CNG prices rose in eight cities, with Chennai up ₹2 to ₹99.50, and stayed flat in three, including New Delhi’s NCR region.

What the partnership could mean for India’s energy security

The dual narrative – ADNOC’s push for deeper LPG engagement and the day‑to‑day price fluctuations – points to a broader trend of India securing diversified, reliable fuel supplies. By leveraging ADNOC’s integrated supply chain – from upstream production to trading and shipping – India can mitigate volatility in global markets. The prospective storage expansion, potentially reaching 30 million barrels, would add a strategic buffer, supporting both commercial and emergency needs.

Key numbers at a glance

• ADNOC supplied >500,000 barrels of crude oil per day to India in 2025 – Acting CEO N. O. Al Muhairi.
• Target oil‑production capacity: 5 million barrels per day by 2027 – Acting CEO.
• Proposed Indian strategic storage capacity: up to 30 million barrels – Acting CEO.
• Petrol price fell 86 paise to ₹110.82 in Bengaluru – LiveMint fuel price report.
• Petrol price rose ₹1.18 to ₹114.55 in Patna – LiveMint.
• Diesel price fell 79 paise to ₹98.77 in Bengaluru – LiveMint.
• Diesel price rose ₹1.13 to ₹100.49 in Patna – LiveMint.