ADNOC Gas has signed a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tons per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term.
The agreement underscores ADNOC Gas’ expanded global footprint, particularly across the high-demand Asian LNG market, reinforcing its role as a reliable global supplier of LNG.
The long-term contract strengthens the Abu Dhabi compnay’s partnership with key Indian players as it continues to support India’s energy security, building on recent agreements with Indian Oil Corporation and GAIL India Limited.
“This long-term agreement with HPCL, our third with Indian companies in the past year, reflects the robust energy partnership between the UAE and India. This milestone underscores the company’s ability to reliably meet rising global demand for LNG and support India’s ambition to increase natural gas to 15 percent of its primary energy mix by 2030.”
The LNG will be supplied from the company’s Das Island liquefaction facility, which has a production capacity of 6 mmtpa. As the world’s third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.
ADNOC Gas is a key player in ADNOC’s strategy to enhance its natural gas production capacity and expand global LNG exports. As a crucial transitional fuel, natural gas offers lower carbon emissions compared to other fossil fuels and serves as an important raw material in industrial value chains.
ADNOC Gas
ADNOC Gas is a leading, large-scale integrated gas company listed on the Abu Dhabi Securities Exchange. The company operates across the entire gas value chain, starting from the receipt of feedstock from ADNOC, through extensive, long-term gas processing and fractionation operations, to the sale of gas products to both domestic and international markets.
