ADNOC Gas inks LNG deal worth up to $3bn with India’s HPCL

ADNOC Gas has agreed to proviso liquefied earthy state (LNG) for a play of 10 years to India-based Hindustan Petroleum Corporation (HPCL) successful a woody valued betwixt $2.5bn and $3bn.

The subsidiary of the Abu Dhabi National Oil Company (ADNOC) has signed a definitive income and acquisition statement (SPA) with the Indian nationalist assemblage company.

This caller declaration transitions a heads of statement established successful August 2025 into a SPA, highlighting the deepening ties betwixt India and the United Arab Emirates (UAE).

The woody was formalised during a sojourn to India by President Sheikh Mohamed bin Zayed Al Nahyan, who met with Indian Prime Minister Narendra Modi.

Under the presumption of the agreement, ADNOC Gas volition export 500,000 tonnes per annum (tpa) of LNG from its Das Island liquefaction facility, known for its extended operational past and yearly accumulation capableness of up to six cardinal tonnes per annum (mtpa).

By 2029, ADNOC Gas is projected to oversee 15.6mtpa of LNG, with 3.2mtpa earmarked for Indian vigor companies including HPCL.

ADNOC Gas CEO Fatema Al Nuaimi said: “We are pleased to motion this semipermanent LNG proviso statement with Hindustan Petroleum Corporation, which reflects the beardown and increasing vigor concern betwixt the UAE and India.

“This statement underscores ADNOC Gas’ committedness to delivering reliable LNG to conscionable planetary demand, portion supporting India’s ambition to summation earthy state to 15% of its vigor premix by 2030.”

The woody aligns with ADNOC Gas' strategy to broaden its marketplace beingness successful Asia and diversify its lawsuit portfolio, reinforcing its relation arsenic a reliable supplier successful the region's fast-growing vigor markets.

The past 3 years person seen ADNOC Gas unafraid aggregate semipermanent LNG contracts with assorted Asian markets, featuring volumes betwixt 400,000tpa and 1.2mtpa, and durations extending up to 14 years.

Overall, these partnerships magnitude to much than $20bn (Dh73.45bn) successful full declaration value.

"ADNOC Gas inks LNG woody worthy up to $3bn with India’s HPCL" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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