HPCL and ADNOC Gas Sign 10-Year LNG Supply Agreement

Hindustan Petroleum Corporation Ltd (HPCL) and Abu Dhabi Gas Liquefaction Company (ADNOC Gas), a subsidiary of ADNOC Gas, have signed a Sale Purchase Agreement (SPA) for the supply of Liquefied Natural Gas (LNG) on a long-term basis. The agreement, which lasts for 10 years, will see HPCL receive LNG at its 5 Million Tonne per annum LNG Storage and Regasification Terminal at Chhara, Gujarat. The supplied LNG will support HPCL's refineries, City Gas Distribution (CGD) network, and gas demand across various sectors, such as Fertilizers, Power, Petrochemicals, and other Industries. This agreement strengthens the economic ties between India and the UAE, highlighting the importance of LNG in supporting India's energy transition. The supply under this agreement is a significant milestone in India's energy security and HPCL's commitment to cleaner energy transition.