ADNOC Gas signed a $3 billion, 10-year LNG agreement with Hindustan Petroleum, strengthening UAE-India energy ties and expanding LNG supply to Asia.
ABU DHABI: ADNOC Gas has signed a long-term sales and purchase agreement with Hindustan Petroleum Corporation Limited (HPCL), valued at up to $3 billion over ten years. The landmark LNG deal was formalised during the UAE President’s recent visit to India, underlining the deepening energy cooperation between both nations.
The agreement was exchanged between Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC’s Group CEO, and Vikas Kaushal, Chairman and Managing Director of HPCL. The contract builds on a previously signed Heads of Agreement and now formalises the supply of 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG).
Fatema Al Nuaimi, CEO of ADNOC Gas, highlighted the deal as a significant milestone in the growing UAE-India energy partnership. She stated that the agreement reflects ADNOC Gas’ dedication to meeting global LNG demand while supporting India’s 2030 goal of increasing natural gas to 15 percent of its energy mix.
The LNG will be sourced from ADNOC Gas’ Das Island facility, one of the world’s oldest and most reliable LNG plants, with a capacity of up to 6 mtpa. Das Island has already delivered over 3,500 LNG cargoes globally, cementing its operational track record.
This agreement strengthens ADNOC Gas’ presence in the Indian market, where India is now the UAE’s largest energy customer. By 2029, ADNOC Gas is expected to operate 15.6 mtpa of LNG, with 3.2 mtpa already contracted to Indian firms including HPCL. The deal also contributes to ADNOC’s broader strategy to expand in Asia and deliver lower-carbon LNG across rapidly developing energy markets.
