Abu Dhabi National Oil Company (ADNOC), the UAE’s leading energy producer, has solidified its strategic energy partnership with India through two significant collaboration agreements. These pacts are set to substantially increase ADNOC’s crude oil storage capacity within India, reaching up to 30M barrels and further strengthening the robust UAE-India energy relationship.
The primary agreement, established with Indian Strategic Petroleum Reserves Limited, will expand ADNOC’s crude oil storage facilities in India. This 30M barrels expansion includes existing storage infrastructure at Mangalore and potential new sites in Vishakhapatnam and Chandikol. In parallel, the collaboration will explore the feasibility of crude oil storage in Fujairah, United Arab Emirates, as part of India’s strategic petroleum reserve.
Furthermore, the agreements encompass potential opportunities for Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) storage within India. These initiatives are crucial for ensuring energy security and enhancing the resilience of UAE-India energy supply chains, especially in the current challenging global shipping environment.
In addition to crude oil storage, ADNOC has also entered into a strategic collaboration with Indian Oil Corporation. This agreement focuses on exploring enhanced LPG supply and trading opportunities, potentially leveraging ADNOC Global Trading. Building upon an existing LPG term contract that has been in place since 2023, this collaboration aims to support the development of a potential long-term LPG sale and purchase agreement. The move reinforces ADNOC’s established position as a reliable LPG supplier to India and facilitates deeper integration across supply and shipping operations.
These accords underscore ADNOC’s expanding portfolio of partnerships with Indian companies, which spans crude, LNG, and LPG supply, alongside energy storage solutions. These collaborations are designed to meet India’s escalating energy demand and support its long-term economic growth trajectory. India remains a priority market for ADNOC, recognized as one of the world’s fastest-growing major economies and a significant driver of global energy demand.
Dr. Sultan Al Jaber, ADNOC Managing Director and Group CEO, highlighted the significance of these developments. He stated, “India’s scale and growth trajectory make it one of the defining energy markets of our time. As demand accelerates alongside a rapidly expanding population, the strength of the UAE–India energy partnership becomes ever more critical. These agreements reinforce supply security, deepen our strategic ties, and underscore ADNOC’s role as a dependable and reliable partner in powering India’s long-term economic growth.”
The deepening of this energy partnership, with this 30M barrels expansion of crude oil storage, is a testament to the shared vision for economic prosperity and energy security between India and UAE.
