STOCKWATCH
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Refineries & Marketing
New Launch30 Apr 2025, 11:57 am

HPCL and ADNOC Trading Sign 1st LNG Trading Supply Agreement

AI Summary

Hindustan Petroleum Corporation Limited (HPCL) and ADNOC Trading have signed a significant LNG Trading Supply Agreement. This agreement marks a significant step in the strategic partnership between the two organizations, fostering energy security and sustainability. The LNG will be received at HPCL LNG Ltd.'s Chhara LNG Terminal to meet captive demand of HPCL and also for marketing to other downstream customers. The agreement underscores the deepening economic ties between India and the UAE, emphasizing the role of LNG in supporting India’s energy transition. The partnership positions ADNOC Trading as a key supplier for HPCL, enabling the Indian energy major to diversify its supply portfolio and secure long-term energy solutions.

Key Highlights

  • HPCL and ADNOC Trading sign LNG Trading Supply Agreement
  • Agreement marks a significant step in strategic partnership
  • LNG to be received at Chhara LNG Terminal to meet captive demand and for marketing to other downstream customers
  • Agreement underscores deepening economic ties between India and UAE
  • Partnership positions ADNOC Trading as a key supplier for HPCL
HINDPETRO
Refineries & Marketing
HINDUSTAN PETROLEUM CORPORATION LTD.

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