ADNOC Gas signs $3bn LNG supply deal with India’s HPCL

Abu Dhabi’s ADNOC Gas has signed a major long-term liquefied natural gas supply agreement with India’s Hindustan Petroleum Corporation Limited, underlining the growing strategic energy partnership between the UAE and India.

The agreement, announced during a state visit by the UAE President to India, further strengthens ADNOC Gas’ role as a key LNG supplier to Asia’s fast-growing energy markets.

ADNOC Gas plc and its subsidiaries announced the signing of a sales and purchase agreement valued at between $2.5bn and $3bn over a ten-year period with Hindustan Petroleum Corporation Limited (HPCL).

The agreement was announced during a visit to India by UAE President Mohamed bin Zayed Al Nahyan, where he met with Indian Prime Minister Narendra Modi.

ADNOC Gas signs massive LNG deal with India

During the visit, 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, exchanged the signed contract.

Fatema Al Nuaimi, CEO of ADNOC Gas, said: “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 agreement converts a previously signed Heads of Agreement into a long-term SPA and covers the export of 0.5 million tonnes per annum (mtpa) of LNG. Valued at approximately $2.5bn to $3bn over its duration, the deal represents a further step in strengthening the strategic partnership between the UAE and India.

The HPCL agreement brings the total value of contracts supported and operated by ADNOC Gas to more than $20bn. India is now the UAE’s largest customer and a key pillar of ADNOC Gas’ LNG strategy.

By 2029, ADNOC Gas will be the operator for 15.6 MTPA of LNG, of which 3.2 MTPA is contracted to Indian energy companies including HPCL.

The LNG volumes under the agreement will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa and is among the world’s longest-operating LNG plants.

UAE-India energy ties

Since commencing operations, Das Island has delivered more than 3,500 LNG cargoes globally, highlighting its long-standing operational reliability.

The HPCL deal aligns with ADNOC Gas’ broader strategy to expand its presence in India and across key Asian growth markets.

Over the past three years, the company has secured multiple long-term LNG agreements ranging from 0.4 to 1.2 mtpa, with contract durations of up to 14 years, reinforcing its position as a leading supplier of reliable, lower-carbon LNG to Asia.