+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code