ADNOC Gas Signs $3 Billion LNG Supply Agreement with HPCL
The ADNOC Gas HPCL LNG supply deal marks a major milestone in UAE–India energy cooperation, with a $3 billion long-term agreement signed between ADNOC Gas and HPCL.
ADNOC Gas HPCL LNG Supply Deal Overview
ADNOC Gas has entered into a long-term liquefied natural gas (LNG) supply agreement with Hindustan Petroleum Corporation Limited (HPCL) of India, valued at approximately $2.5–$3 billion over a 10-year period. The deal further strengthens strategic energy ties between the United Arab Emirates and India and highlights India’s growing role in ADNOC Gas’ global LNG portfolio.
With this agreement, India has emerged as ADNOC Gas’ largest LNG customer, becoming a key pillar in the company’s LNG growth strategy. The HPCL contract increases the total value of LNG agreements supported and operated by ADNOC Gas with Indian energy companies to more than $20 billion over the past 24 months.
Looking ahead, ADNOC Gas expects to operate 15.6 million tonnes per annum (MTPA) of LNG capacity by 2029, of which 3.2 MTPA has already been contracted to Indian energy firms, including HPCL. This translates to nearly 20% of ADNOC Gas-operated LNG volumes being supplied to India, underlining the country’s strategic importance in the company’s long-term plans.
A significant portion of ADNOC Gas’ LNG supply is supported by its Das Island LNG facility, which has a production capacity of up to 6 MTPA. Since operations began, the facility has shipped more than 3,500 LNG cargoes worldwide, reinforcing ADNOC Gas’ reputation as a reliable supplier in the global LNG market.
This landmark agreement reflects the deepening energy partnership between the UAE and India and reinforces LNG’s critical role in ensuring long-term energy security and supply diversification. This development follows other major global energy investments, including Saudi Aramco’s interest in BPCL’s $11 billion mega refinery project.
