ADNOC Gas, HPCL Sign US$3 Billion LNG Supply Deal
OIL & GAS

ADNOC Gas, HPCL Sign US$3 Billion LNG Supply Deal

ADNOC Gas plc and its subsidiaries have signed a long-term sales and purchase agreement with Hindustan Petroleum Corporation Limited valued at between US$2.5 billion and US$3 billion over a ten-year period.

The agreement was announced during the visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to India, where he met Prime Minister Narendra Modi. During the visit, Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company, and Vikas Kaushal, Chairman and Managing Director of HPCL, exchanged the signed contract.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said the long-term liquefied natural gas supply agreement reflects the strong and expanding energy partnership between the UAE and India. She added that the deal supports India’s ambition to raise the share of natural gas to 15 per cent of its energy mix by 2030, while reinforcing ADNOC Gas’ commitment to supplying reliable LNG to global markets.

The agreement converts a previously signed heads of agreement between the two companies into a binding long-term contract and covers the supply of 0.5 million tonnes per annum of LNG over its duration. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 million tonnes per annum and is among the world’s longest-operating LNG plants. Since operations began, Das Island has delivered more than 3,500 LNG cargoes worldwide.

The contract further strengthens the strategic partnership between the UAE and India and reinforces ADNOC Gas’ position as a trusted LNG supplier to Asia’s fast-growing energy markets. It also takes the total value of contracts supported and operated by ADNOC Gas to over US$20 billion. India is currently the UAE’s largest LNG customer and a key pillar of ADNOC Gas’ long-term growth strategy.

By 2029, ADNOC Gas is expected to operate 15.6 million tonnes per annum of LNG capacity, of which 3.2 million tonnes per annum will be contracted to Indian energy companies, including HPCL. The latest agreement aligns with ADNOC Gas’ broader strategy to expand its footprint in India and other high-growth Asian markets.

Over the past three years, ADNOC Gas has secured multiple long-term LNG supply agreements ranging from 0.4 million tonnes per annum to 1.2 million tonnes per annum, with contract tenures of up to 14 years, reinforcing its role as a leading supplier of reliable, lower-carbon LNG in the region.

ADNOC Gas plc and its subsidiaries have signed a long-term sales and purchase agreement with Hindustan Petroleum Corporation Limited valued at between US$2.5 billion and US$3 billion over a ten-year period. The agreement was announced during the visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to India, where he met Prime Minister Narendra Modi. During the visit, Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company, and Vikas Kaushal, Chairman and Managing Director of HPCL, exchanged the signed contract. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said the long-term liquefied natural gas supply agreement reflects the strong and expanding energy partnership between the UAE and India. She added that the deal supports India’s ambition to raise the share of natural gas to 15 per cent of its energy mix by 2030, while reinforcing ADNOC Gas’ commitment to supplying reliable LNG to global markets. The agreement converts a previously signed heads of agreement between the two companies into a binding long-term contract and covers the supply of 0.5 million tonnes per annum of LNG over its duration. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 million tonnes per annum and is among the world’s longest-operating LNG plants. Since operations began, Das Island has delivered more than 3,500 LNG cargoes worldwide. The contract further strengthens the strategic partnership between the UAE and India and reinforces ADNOC Gas’ position as a trusted LNG supplier to Asia’s fast-growing energy markets. It also takes the total value of contracts supported and operated by ADNOC Gas to over US$20 billion. India is currently the UAE’s largest LNG customer and a key pillar of ADNOC Gas’ long-term growth strategy. By 2029, ADNOC Gas is expected to operate 15.6 million tonnes per annum of LNG capacity, of which 3.2 million tonnes per annum will be contracted to Indian energy companies, including HPCL. The latest agreement aligns with ADNOC Gas’ broader strategy to expand its footprint in India and other high-growth Asian markets. Over the past three years, ADNOC Gas has secured multiple long-term LNG supply agreements ranging from 0.4 million tonnes per annum to 1.2 million tonnes per annum, with contract tenures of up to 14 years, reinforcing its role as a leading supplier of reliable, lower-carbon LNG in the region.

Next Story
Real Estate

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

Next Story
Equipment

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Next Story
Real Estate

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement