Media & Events
Shardul Amarchand Mangaldas & Co. Advises IndianOil Corporation on 1.2 MTPA LNG Deal with ADNOC Group
February 14, 2025
Shardul Amarchand Mangaldas & Co. advised IndianOil Corporation Limited (“IOCL”) on a long-term sale and purchase arrangement for LNG with Abu Dhabi Gas Liquefaction Company Limited (“ADNOC”), as finalized on the sidelines of the ongoing India Energy Week 2025. ADNOC will be supplying 1.2 MMTPA of LNG to IOCL for a period of 14 years. The deal is valued in the range of $7 billion to $9 billion and was signed on February 12, 2025. The LNG will be supplied from ADNOC Gas’s Das Island liquification facility.
This strategic partnership not only diversifies IOCL’s LNG supply sources but also plays a critical role in supporting India’s growing demand for cleaner, more sustainable energy. The agreement aligns with India’s broader energy security objectives, as the country continues its transition towards a low-carbon energy future.
The transaction team comprised of V.R. Neelakantan, Partner, Prashant Sirohi, Partner and Siddharth Jain, Associate.
A&O Sherman advised ADNOC on the legal aspects.
