ADNOC Gas Signs $3 Billion, 10-Year LNG Supply Deal with HPCL

ADNOC Gas has signed a $3 billion, 10-year LNG supply agreement with Hindustan Petroleum, expanding long-term gas exports to India and reinforcing Asia’s role in the company’s LNG growth strategy.

(P&GJ) — ADNOC Gas has signed a long-term liquefied natural gas supply agreement with Hindustan Petroleum Corporation Limited valued at approximately $2.5 billion to $3 billion over 10 years, strengthening LNG flows between the UAE and India.

The sales and purchase agreement covers the delivery of 0.5 million tonnes per year (MMtpy) of LNG and converts a previously announced heads of agreement between the two companies into a binding contract. The deal was announced during a state visit to India by UAE President Sheikh Mohamed bin Zayed Al Nahyan.

Fatema Al Nuaimi, chief executive officer of ADNOC Gas, said the agreement reflects deepening energy ties between the two countries.

“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,” Al Nuaimi said. “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 LNG volumes will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has production capacity of up to 6 MMtpy and is one of the world’s longest-operating LNG plants. ADNOC Gas said Das Island has delivered more than 3,500 LNG cargoes globally since operations began.

The HPCL agreement brings the total value of LNG contracts supported and operated by ADNOC Gas with Indian companies to more than $20 billion over the past two years. India is now the UAE’s largest LNG customer and a central pillar of ADNOC Gas’ long-term LNG strategy.

By 2029, ADNOC Gas expects to be operating 15.6 MMtpy of LNG capacity, with 3.2 MMtpy contracted to Indian buyers, including HPCL. The company said the deal supports its broader strategy to expand long-term LNG sales across Asia’s fastest-growing gas markets.