ADNOC Gas and HPCL Sign Major Long-Term LNG Supply Agreement
ADNOC Gas plc and its subsidiaries have announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) over a 10-year term.
The deal reflects ADNOC Gas’ expanding presence in the global energy sector, especially across the high-demand Asian LNG market, and emphasizes its reputation as a reliable global supplier of LNG. With this agreement, ADNOC Gas deepens its cooperation with key Indian companies, providing robust support to India’s energy security. This milestone builds on recent LNG supply agreements with Indian Oil Corporation and GAIL India Limited.
“This long-term agreement with HPCL, our third with Indian companies in the past year, reflects the robust energy partnership between the UAE and India. This milestone underscores ADNOC Gas’ ability to reliably meet rising global demand for LNG and support India’s ambition to increase natural gas to 15 percent of its primary energy mix by 2030,” said Fatema Al Nuaimi.
The LNG under the new agreement will be sourced from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6 mmtpa. As the world’s third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since commencing operations.
ADNOC Gas plays a central role in its parent company’s strategy, focusing on enhancing natural gas production capacity and expanding global LNG exports. As a transitional fuel, natural gas is lauded for its lower carbon emissions compared to other fossil fuels, while also serving as an important raw material in various industrial value chains.
Team V.4-EM-UAE
