🧵 1. Indian Oil Corp signs long-term deals with TotalEnergies and ADNOC LNG, procuring 2M mtpa of LNG to strengthen gas infrastructure. #finance
🧵 1. Indian Oil Corp signs long-term deals with TotalEnergies and ADNOC LNG, procuring 2M mtpa of LNG to strengthen gas infrastructure. #finance
🧵 2. Under the 10-year contract, TotalEnergies will provide 0.8M mtpa of LNG to Indian Oil, their first long-term contract in India.
🧵 3. Indian Oil also signs agreement with ADNOC LNG for a 14-year contract, supplying 1.2M mtpa of LNG starting in 2026.
🧵 4. These long-term LNG deals, signed during PM Modi's visit to France, aim to diversify supply and meet India's growing demand for cleaner fuel.
🧵 Read more at: https://www.financialexpress.com/industry/indian-oil-signs-lng-deals-with-totalenergies-adnoc-lng/3175023/