India on Monday underscored the United Arab Emirates' crucial contribution to its energy security and announced a long-term LNG supply agreement as part of a series of outcomes following the Emirates' President Sheikh Mohamed bin Zayed Al Nahyan's visit to the country.
India and the UAE announced 12 outcomes during UAE President Mohamed bin Zayed Al Nahyan's brief New Delhi visit, including doubling bilateral trade to over USD 200 billion by 2032 and cooperation in nuclear energy. Key steps include LNG supply, investment in Dholera, GIFT City offices, and
GAIL (India) Limited has signed a long-term Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA) with Vitol Asia Pte. Ltd., according to an official statement by the company released on Tuesday.