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Two key energy pacts to be signed during Modi visit to UAE
The Modi visit to the UAE on May 15 is expected to yield two major energy pacts: an LPG supplies strategic collaboration between IOCL and ADNOC, and a strategic oil reserves collaboration between ISPRL and ADNOC. The trip emphasizes energy security and broader energy cooperation with a key regional partner.
Why It Matters
The agreements would strengthen India's energy security by diversifying LPG and oil-reserve arrangements with a major Gulf partner, amid regional disruptions and global energy dynamics.
Timeline
5 Events
Modi's six-day, five-nation tour includes UAE, Netherlands, Sweden, Norway and Italy
May 14, 2026
The six-day visit will take Modi to the UAE on May 15, 2026, followed by stops in the Netherlands, Sweden, Norway and Italy.
UAE a major energy partner; India’s LNG and LPG ties highlighted
May 14, 2026
The UAE was the fourth largest source of crude oil for India in 2025, meeting about 11% of India’s needs. India is the largest buyer of UAE LNG, with long-term contracts of about 4.5 million metric tonnes per annum (mmtpa). The UAE is also India’s largest source of LPG, meeting around 40% of India’s requirements. Two-way trade between India and the UAE surpassed $100 billion in 2025-26 ($101.25 billion), with a target to reach $200 billion by 2032; a local currency settlement system is in place.
Energy cooperation to be focus of Modi–MBZ encounter
May 14, 2026
Sibi George, secretary (West) in the external affairs ministry, said energy cooperation will be a focus during Modi’s meeting with UAE President Mohamed bin Zayed Al Nahyan.
ADNOC-ISPRL storage agreement existing prior to visit
May 14, 2026
ADNOC already has an agreement with ISPRL to store more than five million barrels of crude oil at a facility in Mangalore.
Pacts on LPG supplies and strategic oil reserves to be signed during Modi's UAE visit
May 14, 2026
During Prime Minister Modi's visit to the UAE on May 15, 2026 (the first leg of a six-day, five-nation tour that includes the UAE, Netherlands, Sweden, Norway and Italy), two key pacts are expected: a strategic collaboration agreement between Indian Oil Corporation (IOCL) and Abu Dhabi National Oil Company (ADNOC) on supplies of liquified petroleum gas (LPG), and a strategic collaboration agreement between Indian Strategic Petroleum Reserves Limited (ISPRL) and ADNOC on strategic oil reserves.