DUBAI: ADNOC Gas plc and its group of companies have officially entered a major long-term partnership with India’s Hindustan Petroleum Corporation Limited (HPCL), agreeing to deliver 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) over the next ten years.
The newly signed Heads of Agreement marks a significant step in broadening ADNOC Gas’ international reach, particularly in the rapidly expanding Asian LNG sector. By doing so, the company is reinforcing its position as a dependable global LNG supplier.
With this ten-year deal, ADNOC Gas further deepens its collaboration with vital energy players in India, aiming to bolster the country’s energy security. The announcement follows similar supply agreements reached with Indian Oil Corporation and GAIL India Limited, all of which contribute to India’s efforts to diversify its energy portfolio.
Fatema Al Nuaimi, CEO of ADNOC Gas, expressed satisfaction with the continued partnership between the UAE and India, highlighting that this agreement is the third such undertaking with Indian companies in just the past year.
According to Al Nuaimi, the deal demonstrates ADNOC Gas’ commitment to supplying growing LNG demand globally while supporting India as it targets raising natural gas to 15 per cent of its energy mix by 2030.
Under the terms of the agreement, the LNG will be sourced from ADNOC Gas’ Das Island liquefaction terminal, a facility with an annual capacity of 6 mmtpa. Das Island stands out as one of the oldest operational LNG plants in the world, having dispatched over 3,500 LNG shipments worldwide since its inception.
The strategic milestone aligns with ADNOC’s broader vision to grow its natural gas output and expand its presence in the global LNG marketplace. As natural gas continues to serve as a lower-carbon alternative to other fossil fuels, it will remain an essential component in the energy transition as well as a foundational resource for vital industries.
