UAE announces US$2.5bil gas deal with Indian company

This handout photograph taken and released by the Indian Press Information Bureau on January 19, 2026 shows UAE President Sheikh Mohamed bin Zayed al-Nahyan (L) speaking with India's Prime Minister Narendra Modi during their meeting in New Delhi. - Indian Press Information Bureau/AFP

DUBAI: The UAE announced on Monday (Jan 19) a new liquified natural gas (LNG) deal with a state-run Indian company valued at more than US$2.5 billion.

The contract, signed between ADNOC Gas -- a subsidiary of the Abu Dhabi National Oil Company -- and Hindustan Petroleum Corporation Ltd, provides for the supply of an annual half a million tonnes of LNG over a 10-year period, the Emirati company said.