Adani Enterprises Ltd, the flagship company of Adani Group of India, a global infrastructure conglomerate, has signed an MoU with Australian energy major Woodside Energy to explore opportunities across a broad spectrum in the oil and gas sector in India, as part of the Vibrant Gujarat initiative, a company release said.
The MoU, was signed by Gautam Adani, Chairman, Adani Group, and Peter Coleman, Chief Executive Officer, Woodside Energy Ltd. The two companies will jointly explore opportunities in sourcing of 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,” Adani said.
Coleman noted, “We are delighted to have signed this agreement with Adani to further cooperation between our companies and countries. While the breadth of commercial interest between Australia and India is proven, it is up to industry to ensure that the true potential of this relationship is realised.”
Woodside Energy is Australia’s largest independent oil and gas company. It 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 facilities. It also owns 90 per cent of the Pluto LNG Plant. Woodside said it was committed to expanding its LNG portfolio through premium developments both in Australia and elsewhere.