ADNOC explores expanding long-term LPG deals and strategic oil storage with India
13 Oct 2026Updated 9 min ago1 source
Abu Dhabi National Oil Company (ADNOC) has expressed interest in expanding long-term liquefied petroleum gas (LPG) agreements with India, viewing it as a key market. ADNOC, which supplied over 500,000 barrels of crude oil daily to India in 2025, is also collaborating with Indian Strategic Petroleum Reserves Limited (ISPRL) to explore expanding storage for crude, LNG, and LPG.
NIKAN Intelligence
What happened
ADNOC's Acting CEO of Marketing stated that the company is open to further long-term LPG deals with India, identifying it as one of its most important energy markets. Additionally, ADNOC is exploring opportunities with ISPRL to expand storage for crude oil, LNG, and LPG, including strategic reserves.
Why it matters
ADNOC supplied more than 10% of India's crude imports in 2025, delivering over 500,000 barrels a day. Strengthening ties and expanding strategic storage reserves directly impact India's long-term energy security and fuel supply stability.
What we know
- ADNOC supplied more than 500,000 barrels of crude oil per day to India in 2025.
- This volume represents nearly one in ten barrels of India's total crude imports.
- ADNOC is actively exploring partnerships with ISPRL to expand storage of crude oil, LNG, and LPG.
What we don't know
- The specific timeline or capacity figures for the proposed storage expansion.
- The financial terms or volumes of any potential new long-term LPG contracts.
What's next
Further bilateral discussions and feasibility assessments between ADNOC and ISPRL regarding the expansion of strategic storage reserves in India.
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