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Abu Dhabi Nationwide Oil Firm (ADNOC) and GAIL (India) have signed a Memorandum of Understanding (MoU) to discover collaboration alternatives in liquefied pure fuel (LNG) provide and decarbonisation, together with quick and long run LNG gross sales agreements.
The settlement additionally consists of potential optimisation of LNG buying and selling actions, the assessment of joint fairness investments in renewables and monitoring of greenhouse gasses for LNG cargoes, to help low carbon LNG provides.
The settlement was exchanged between Sandeep Kumar Gupta, Chairman and Managing Director, GAIL and Fatema Al Nuaimi, CEO ADNOC LNG within the presence of His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Business and Superior Expertise, UAE Particular Envoy for Local weather Change, and ADNOC Managing Director and Group CEO, and H.E. Shri Hardeep Singh Puri, India’s Minister of Petroleum and Pure Fuel and Minister of Housing and City Affairs at Abu Dhabi Worldwide Petroleum Exhibition and Convention (ADIPEC).
Dr. Al Jaber stated India is a strategic companion of the UAE and it has a powerful and longstanding bilateral relationship.
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