Shardul Amarchand Mangaldas & Co. acted as the Indian legal advisor to IndianOil Corporation Limited (IOCL) in connection with its long-term sale and purchase arrangement with ADNOC Group for the supply of liquefied natural gas (LNG).
The LNG supply will originate from ADNOC’s lower-carbon Ruwais LNG Project, supporting both India’s energy security and the broader energy transition agenda. This agreement also bolsters ADNOC’s strategic foothold in India’s rapidly expanding energy market. By 2029, IndianOil is projected to become ADNOC’s largest LNG customer, with a combined offtake of 2.2 MMTPA—including 1.2 MMTPA from Das Island and 1 MMTPA from the Ruwais project.
The Transaction team was led by Prashant Sirohi, Partner; Siddharth Jain, Senior Associate and Tanya Rathod, Associate.
A&O Sherman advised the Abu Dhabi Gas Liquefaction Company.
