Daily Current Affairs on GAIL and ADNOC Gas ink long-term LNG contract for Punjab Naib Tehsildar Exam Preparation

Industry

Current GK (Punjab Government Exams )

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

GAIL and ADNOC Gas ink long-term LNG contract

GAIL India and ADNOC Gas inked a significant 10-year agreement to supply 0.5 million metric tons per year of liquefied natural gas (LNG) .

  • This strategic move aligns with the broader vision of ADNOC Gas's parent company, Abu Dhabi National Oil Company, which has intensified its focus on the gas market, recognizing it as a transition fuel amid global efforts to reduce planet-warming emissions.
  • The heightened competition for LNG, especially following Russia's invasion of Ukraine in February 2022, has underscored the significance of securing long-term agreements in the evolving energy landscape.
  • This agreement reflects ADNOC Gas's commitment to contributing to responsible energy practices and establishing enduring partnerships.
  • The company recognizes the evolving dynamics of the energy sector and the pivotal role that LNG plays in the transition to more sustainable energy sources.
Download Abhipedia Android App

Access to prime resources

Downlod from playstore
download android app download android app for free