ADNOC Gas Inks LNG Supply Deal with India's HPCL

Abu Dhabi’s well known ADNOC Gas signed a long-term Heads of Agreement (HOA) with India's Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for 10 years.

The LNG will come from the Das Island liquefaction plant, ADNOC Gas confirmed in a statement. Das Island, one of the oldest operational LNG facilities in the world, has a 6 mmtpa capacity and has loaded more than 3,500 cargoes to date worldwide since its inception.

"This deal reinforces our strategic relationship with India and demonstrates our commitment to providing stable, lower-carbon energy solutions to important global markets," commented Ahmed Mohamed Alebri, ADNOC Gas CEO.

Key Highlights:

• ADNOC Gas Signs 10 Year LNG Deal with India’s HPCL
• 0.5 MMT LNG to Be Supplied Annually from Das Island to Gujarat
• ADNOC-HPCL Pact Boosts India-UAE Energy Cooperation

“The LNG will be supplied to the recently commissioned Chhara LNG Terminal in the state of Gujarat. The fuel will serve HPCL's refining activities, City Gas Distribution (CGD) network, and other downstream consumers, supporting India's clean energy objectives.” HPCL said.

“This tie-up is evidence of increased economic and energy cooperation between the UAE and India," ADNOC Gas said, labeling the deal a "major step toward energy security and sustainability."

Also Read: Is Energy security a practical approach for India?

This partnership is made after similar deals with Indian Oil Corporation and Gail India, and a recent three-year deal to supply LNG to Germany's Securing Energy For Europe (Sefe).

Earlier this month in June, ADNOC Gas had awarded USD 5 billion worth of contracts to its Rich Gas Development (RGD) project, which is for developing gas export capacity and contributing to UAE's energy independence.