India signs LNG import deals and first export agreement

It’s been a busy period in the halls of India Energy Week 2025 with a number of LNG agreements and MOUs being signed in New Delhi.

One of the most eye-catching was India’s first LNG export deal, with IOCL signing a sale agreement with M/s Yogya Holdings Nepal for export of around 1,000 metric tonnes (MT) of LNG to Nepal under a five-year deal, marking the first sale of LNG from India by cryogenic trucks through Dhamra Terminal in Odisha.

But the stand-out one financially saw IOCL and ADNOC sign a 14-year sales and purchase agreement (SPA) for up to 1.2 million tonnes per annum (mtpa) of LNG from 2026, in a deal worth over $7bn.

ADNOC also signed a five-year term LNG offtake with BPCL covering procurement of 2.4 MMT of LNG, starting April 2025, which is extendable by another five year with mutual consent. BPCL also signed an MOU with National Sugar Institute, Kanpur, exploring the potential of sweet sorghum for bioethanol production.