Adani Enterprises Ltd (AEL), flagship company of Adani Group, on Sunday signed an MoU with Australian energy major Woodside Energy Ltd for cooperation across the energy sector, including LNG sourcing.
The two companies will jointly seek opportunities on LNG, E&P, knowledge sharing and R&D.
AEL is a leading player in city gas distribution in India, while Woodside Energy is Australia’s largest independent oil and gas company.
AEL signed the MoU for exploring business opportunities across a broad spectrum in the oil and gas sector in India, as part of the Vibrant Gujarat initiative, a spokesman said here. The MoU was signed by Gautam Adani, Chairman, Adani Group, and Peter Coleman, CEO, Woodside Energy Ltd.
The two companies will jointly explore opportunities in sourcing of liquefied natural gas (LNG), supply and purchase arrangements for India, LNG marketing, investment in upstream activities such as oil and gas exploration, production and liquefaction plants, knowledge-sharing, training, joint technology studies, technology workshops and connecting local R&D institutions and universities with each other.
“This cooperation arrangement is a landmark and first of its kind between two large organisations of India and Australia sharing common aspirations and vision. This MoU will go a long way in bringing new perspective to addressing the energy issues, enhancing energy trade and further strengthen warm relationships shared by the two countries," said Adani.
Woodside Energy has an extensive portfolio of oil, gas and LNG facilities including the landmark Australian LNG project - the North West Shelf - one of the world’s premier liquefied natural gas (LNG) facilities. It also owns 90 per cent of the Pluto LNG Plant.