India is now the United Arab Emirates’ (UAE) largest buyer of LNG, ADNOC Fuel mentioned in a launch despatched to Rigzone by the ADNOC Fuel crew on Monday.
The corporate famous within the launch that 20 % of LNG operated by ADNOC Fuel shall be equipped to India by 2029, revealing that $20 billion value of LNG contracts had been signed in final 24 months between ADNOC Fuel and Indian corporations.
In Monday’s launch, ADNOC Fuel introduced the signing of a gross sales and buy settlement valued at between $2.5 billion and $3 billion for a interval of ten years with Hindustan Petroleum Company Restricted (HPCL).
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The most recent settlement was introduced throughout a go to to India by President Sheikh Mohamed bin Zayed Al Nahyan, the place he met with the Indian Prime Minister, Narendra Modi, the discharge famous. It added that, throughout the go to, Ahmed Al Jaber, UAE Minister of Business and Superior Know-how and ADNOC Managing Director and Group CEO, and Vikas Kaushal, Chairman and Managing Director of Hindustan Petroleum Company Restricted, exchanged the signed contract, “reiterating the significance of the rising relationship between ADNOC, its companions, and prospects in India”.
The deal transformed a beforehand signed heads of settlement between the 2 corporations right into a long-term SPA, the discharge highlighted, mentioning that the settlement is for the export of 0.5 million tons every year of LNG.
“The milestone settlement represents an extra step in strengthening the strategic partnership between the UAE and India, whereas reinforcing ADNOC Fuel’ position as a dependable and trusted provider of LNG to Asia’s fast-growing markets,” ADNOC Fuel mentioned within the launch.
“India is now the UAE’s largest buyer and an important a part of ADNOC Fuel’ LNG technique. The corporate’s development is tied to the continued success of India,” it added.
By 2029 ADNOC Fuel would be the operator for 15.6 million tons every year of LNG, ADNOC Fuel famous in its launch, including that, of that, 3.2 million tons every year is contracted to Indian power corporations together with HPCL.
“This settlement shall be equipped from ADNOC Fuel’ Das Island liquefaction facility, which has a manufacturing capability of as much as six million tons every year and ranks among the many world’s longest-operating LNG crops,” ADNOC Fuel mentioned within the launch.
“Since commencing operations, Das Island has delivered greater than 3,500 LNG cargoes globally, demonstrating its sturdy operational efficiency and long-standing reliability,” it added.
“The Hindustan Petroleum settlement aligns with ADNOC Fuel’ technique to broaden its buyer base and broaden its presence in India and in key development markets throughout Asia,” it continued.
“Over the previous three years, the corporate has secured a sequence of long-term LNG agreements starting from 0.4 to 1.2 million tons every year, with contract durations of as much as 14 years,” it mentioned.
“These contracts additional reinforce ADNOC Fuel’ place as a number one provider of dependable, lower-carbon LNG to Asia’s quickly rising power markets,” ADNOC Fuel went on to state.
Within the launch, Fatema Al Nuaimi, Chief Govt Officer of ADNOC Fuel, mentioned, “we’re happy to signal this long-term LNG provide settlement with Hindustan Petroleum Company which displays the sturdy and rising power partnership between the UAE and India”.
“This settlement underscores ADNOC Fuel’ dedication to delivering dependable LNG to satisfy international demand, whereas supporting India’s ambition to extend pure fuel to fifteen % of its power combine by 2030,” Al Nuaimi added.
In a launch posted on its web site on Monday, HPCL confirmed that it had signed a long-term LNG sale and buy settlement with ADNOC Fuel.
“Beneath the phrases of this SPA, HPCL will obtain LNG at its 5 million ton every year LNG Regasification Terminal at Chhara, Gujarat, which was devoted to the nation by Hon’ble Prime Minister in September 2025,” HPCL mentioned in its launch.
“The provides underneath this settlement will assist HPCL in assembly the necessities of its refineries, Metropolis Fuel Distribution (CGD) community and fuel demand throughout key sectors, equivalent to, fertilizers, energy and petrochemicals and so forth.,” it added.
“This partnership will additional strengthen HPCL’s place as a dependable provider of pure fuel, complementing its portfolio of different petroleum merchandise, to satisfy the nation’s rising and evolving power wants,” it continued.
“This strategic partnership aligns HPCL with India’s aspiration of accelerating the share of fuel in its power basket. Such long-term contracts play an important position in making certain reliability, affordability and provide safety amidst a extremely risky geo-political and evolving international power panorama,” HPCL famous.
HPCL went on to state in its launch that “this settlement additionally signifies a deepening relationship between India and UAE, with India being the most important LNG buyer of UAE”.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
