ADNOC Gas plc and its subsidiaries have signed a long-term sales and purchase agreement (SPA) with Hindustan Petroleum Corporation Limited (HPCL), valued at approximately $2.5–3 billion over a ten-year period. The agreement marks a significant milestone in the deepening energy partnership between the UAE and India.
Agreement announced during high-level India–UAE engagement
The deal was announced during the official visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to India, where he met Prime Minister Narendra Modi. During the visit, Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, and Vikas Kaushal, Chairman and Managing Director of HPCL, exchanged the signed contract, highlighting the growing strategic relationship between ADNOC and its Indian partners.
From heads of agreement to binding long-term SPA
Notably, the agreement converts a previously signed Heads of Agreement into a binding long-term SPA. Under the terms, ADNOC Gas will supply 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to HPCL over ten years. The contract strengthens ADNOC Gas’ role as a reliable LNG supplier to Asia’s fast-growing energy markets.
Supporting India’s natural gas ambitions
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said the deal reflects the strength of the bilateral energy relationship. “We are pleased to sign this long-term LNG supply agreement with Hindustan Petroleum Corporation. It underscores ADNOC Gas’ commitment to providing reliable LNG to meet global demand, while supporting India’s ambition to raise the share of natural gas to 15 percent of its energy mix by 2030,” she said.
India emerges as a cornerstone LNG market
The HPCL agreement increases the total value of contracts supported and operated by ADNOC Gas to over $20 billion. India has now become the UAE’s largest LNG customer and remains central to ADNOC Gas’ long-term growth strategy. The company’s expansion plans are closely aligned with India’s rising energy demand.
Das Island facility to supply contracted volumes
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 ranks among the world’s longest-operating LNG plants. Since commencing operations, Das Island has delivered more than 3,500 LNG cargoes worldwide, underscoring its operational reliability and strong performance. By 2029, ADNOC Gas expects to operate 15.6 mtpa of LNG capacity, of which 3.2 mtpa will be contracted to Indian energy companies, including HPCL.
Strengthening ADNOC Gas’ position in Asia
As reported by msn.com, over the past three years, ADNOC Gas has secured multiple long-term LNG agreements ranging from 0.4 to 1.2 mtpa, with contract tenures extending up to 14 years. Together, these agreements reinforce the company’s position as a leading supplier of reliable, lower-carbon LNG and support its strategy to broaden its customer base across India and key growth markets in Asia.
