ADNOC Gas Signs $3 Billion, 10-Year LNG Deal with Hindustan Petroleum Corporation Limited
ADNOC Gas plc and its subsidiaries (collectively “ADNOC Gas” or the “Company”) (ADX: ADNOCGAS / ISIN: AEE01195A234), a leading integrated gas processing and sales company, has announced the signing of a landmark long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with India’s Hindustan Petroleum Corporation Limited (HPCL). The agreement, valued at approximately $2.5–3 billion over ten years, formalizes a critical supply arrangement that strengthens energy ties between the United Arab Emirates and India.
The announcement coincided with a historic visit to India by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, during which he met with Indian Prime Minister Narendra Modi. The signing of the agreement during this high-level diplomatic engagement underscores the strategic importance of the UAE–India energy partnership and highlights the growing role of LNG in India’s transition to a cleaner, more sustainable energy mix.
The contract was exchanged by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Vikas Kaushal, Chairman and Managing Director of Hindustan Petroleum Corporation Limited. Both leaders emphasized the mutual benefits of the agreement and its alignment with broader goals of energy security, sustainable development, and regional collaboration.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, commented on the agreement: “We are pleased to sign this long-term LNG supply agreement with Hindustan Petroleum Corporation, which reflects the strong and growing energy partnership between the UAE and India. This agreement underscores ADNOC Gas’ commitment to delivering reliable LNG to meet global demand, while supporting India’s ambition to increase natural gas to 15% of its energy mix by 2030.”
The ten-year agreement converts a previously signed Heads of Agreement into a binding SPA, securing the export of 0.5 million tonnes per annum (mtpa) of LNG. This milestone deal further strengthens the UAE’s strategic partnership with India while reinforcing ADNOC Gas’ position as a trusted supplier of LNG to one of Asia’s fastest-growing energy markets.
India now represents the UAE’s largest energy customer, making it a cornerstone of ADNOC Gas’ long-term strategy in Asia. With this agreement, the total value of contracts supported and operated by ADNOC Gas exceeds $20 billion, reflecting the company’s steady expansion and robust operational footprint in global LNG markets.
Looking ahead, ADNOC Gas plans to operate 15.6 mtpa of LNG by 2029, of which 3.2 mtpa is already contracted to Indian energy companies, including HPCL. The LNG under this new agreement will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa. Das Island is recognized as one of the world’s longest-operating LNG plants, having delivered more than 3,500 LNG cargoes globally. Its long-standing operational reliability and proven performance make it a critical hub for supplying Asia’s expanding energy markets.
The agreement with Hindustan Petroleum also aligns with ADNOC Gas’ broader strategy to diversify its customer base and strengthen its presence in key growth markets across Asia. Over the past three years, ADNOC Gas has signed multiple long-term LNG agreements ranging from 0.4 to 1.2 mtpa, with contract durations extending up to 14 years. These strategic agreements enhance the company’s ability to supply reliable, lower-carbon LNG to meet the evolving energy needs of fast-growing economies.
ADNOC Gas’ expanding LNG portfolio demonstrates the UAE’s role as a stable and long-term energy partner for India, supporting the South Asian nation’s efforts to increase natural gas usage as part of its energy transition. By providing a dependable supply of LNG, ADNOC Gas contributes to India’s energy security while supporting broader environmental objectives, including reductions in carbon intensity and improved air quality.
The collaboration between ADNOC Gas and HPCL exemplifies the growing interdependence between Middle Eastern energy suppliers and Asian markets. It highlights the increasing importance of LNG in bridging energy demand and supply gaps, particularly as countries seek to transition away from higher-emission fuels toward cleaner, more flexible alternatives.
Fatema Al Nuaimi added, “Our agreements with Indian energy companies like HPCL underscore ADNOC Gas’ commitment to delivering energy solutions that are both reliable and sustainable. This partnership not only meets the immediate demand for natural gas in India but also supports the country’s longer-term strategy to increase gas in its energy mix and reduce carbon emissions.”
This landmark deal is expected to create significant economic and operational benefits for both ADNOC Gas and HPCL. It reflects a shared vision for long-term cooperation, combining ADNOC Gas’ extensive LNG expertise and operational capabilities with HPCL’s established market reach and energy infrastructure in India.
In addition to reinforcing commercial ties, the agreement represents a strategic milestone for regional energy cooperation. It strengthens UAE–India relations and demonstrates how energy partnerships can facilitate economic growth, enhance energy security, and support global sustainability objectives.
As global demand for natural gas continues to rise, particularly in Asia, ADNOC Gas’ long-term agreements ensure the company remains a key player in the international LNG market. With Das Island’s proven reliability and ongoing capacity expansions, ADNOC Gas is well-positioned to meet the evolving energy requirements of its customers while supporting global efforts toward lower-carbon energy solutions.
By formalizing the SPA with HPCL, ADNOC Gas not only consolidates its commercial footprint in India but also reinforces its reputation as a reliable and trusted supplier capable of delivering LNG at scale. This agreement is a testament to ADNOC Gas’ strategic vision, operational excellence, and commitment to sustainable growth in alignment with global energy transitions.
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