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ADNOC Gas has agreed to supply liquefied natural gas (LNG) for a period of ten years to India-based Hindustan Petroleum Corporation (HPCL) in a deal valued between $2.5bn and $3bn.
The subsidiary of the Abu Dhabi National Oil Company (ADNOC) has signed a definitive sales and purchase agreement (SPA) with the Indian public sector company.
This new contract transitions a heads of agreement established in August 2025 into a SPA, highlighting the deepening ties between India and the United Arab Emirates (UAE).
The deal was formalised during a visit to India by President Sheikh Mohamed bin Zayed Al Nahyan, who met with Indian Prime Minister Narendra Modi.
Under the terms of the agreement, ADNOC Gas will export 500,000 tonnes per annum (tpa) of LNG from its Das Island liquefaction facility, known for its extensive operational history and annual production capacity of up to six million tonnes per annum (mtpa).
By 2029, ADNOC Gas is projected to oversee 15.6mtpa of LNG, with 3.2mtpa earmarked for Indian energy companies including HPCL.
ADNOC Gas CEO Fatema Al Nuaimi said: “We are pleased to sign this long-term LNG supply agreement with Hindustan Petroleum Corporation, which reflects the strong and growing energy partnership between the UAE and India.
“This agreement underscores ADNOC Gas’ commitment to delivering reliable LNG to meet global demand, while supporting India’s ambition to increase natural gas to 15% of its energy mix by 2030.”
The deal aligns with ADNOC Gas’ strategy to broaden its market presence in Asia and diversify its customer portfolio, reinforcing its role as a reliable supplier in the region’s fast-growing energy markets.
The past three years have seen ADNOC Gas secure multiple long-term LNG contracts with various Asian markets, featuring volumes between 400,000tpa and 1.2mtpa, and durations extending up to 14 years.
Overall, these partnerships amount to more than $20bn (Dh73.45bn) in total contract value.
“ADNOC Gas inks LNG deal worth up to $3bn with India’s HPCL” was originally created and published by Offshore Technology, a GlobalData owned brand.
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