HPCL Signs 10-Year LNG Supply Deal with UAE's ADNOC Gas Worth $2.5-$3 Billion

Hindustan Petroleum Corporation Ltd (HPCL) has signed a 10-year liquefied natural gas (LNG) supply agreement with Abu Dhabi National Oil Company Gas (ADNOC Gas), valued between $2.5 billion and $3 billion. The deal, providing 0.5 million tonnes of LNG annually starting in 2028, makes India the UAE's largest natural gas customer. The contract was finalized during UAE President Mohamed bin Zayed Al Nahyan's visit to India, alongside commitments to enhance bilateral trade and strategic cooperation.