NEW DELHI — ADNOC Gas said on Monday it had signed a 10-year liquefied natural gas (LNG) supply agreement worth about $2.5 billion to $3 billion with India’s Hindustan Petroleum Corporation Limited, deepening energy ties between the United Arab Emirates and India.
The sales and purchase agreement covers the supply of 0.5 million tonnes per annum (mtpa) of LNG and converts a previously signed heads of agreement into a binding long-term contract. Deliveries will be sourced from ADNOC Gas’ Das Island liquefaction facility, one of the world’s longest-operating LNG plants.
The deal was announced during a visit to India by UAE President Sheikh Mohamed bin Zayed Al Nahyan, who met Indian Prime Minister Narendra Modi, highlighting the growing strategic partnership between the two countries.
ADNOC Gas has finalized a 10-year LNG supply deal with India's HPCL, valued at $2.5 to $3 billion, marking a significant step in UAE-India energy collaboration. The agreement, converting a prior heads of agreement into a binding contract, involves supplying 0.5 mtpa of LNG from ADNOC's Das Island facility.