ADNOC Deepens India Energy Ties With Storage and LPG Deals
Key takeaways
- The first agreement, with Indian Strategic Petroleum Reserves Limited, covers potential cooperation across crude oil, LNG and LPG storage and strategic reserves.
- The agreement also explores possible crude storage in Fujairah as part of India s strategic petroleum reserve, along with LNG and LPG storage opportunities in India.
- A second agreement with Indian Oil Corporation will explore expanded LPG supply and trading opportunities, including through ADNOC Global Trading.
Charles Kennedy Fri, May 15, 2026 at 10:14 PM GMT+7 2 min read CL=F ADNOC has signed strategic collaboration agreements with Indian energy partners to expand crude oil, LNG and LPG storage cooperation and deepen LPG supply ties with India.
The Abu Dhabi-based energy giant announced the agreements in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi, underscoring the growing strategic importance of the UAE-India energy corridor.
The first agreement, with Indian Strategic Petroleum Reserves Limited, covers potential cooperation across crude oil, LNG and LPG storage and strategic reserves. ADNOC said the deal includes the possibility of increasing its crude oil storage in India to as much as 30 million barrels, including existing storage at Mangalore and potential new storage opportunities at Vishakhapatnam and Chandikol.