Which of the following statements regarding recent India-UAE bilateral agreements is/are correct?
1. The 10-year LNG supply agreement signed in 2026 was between Hindustan Petroleum (HPCL) and ADNOC Gas for 0.5 MMTPA.
2. India and the UAE are both members of the I2U2 grouping, which aims to encourage joint investments in water, energy, transportation, and space.

Question

Accepted Answer

Both 1 and 2 — Statement 1 is correct; the $3 billion, 10-year pact was signed between HPCL and ADNOC Gas starting in 2028. Statement 2 is also correct; India and the UAE form half of the I2U2 grouping alongside Israel and the USA, focusing on strategic joint investments.

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