Gujarat State Petroleum Corp (GSPC) has finalized a 10-year deal to purchase 0.5 million metric tons every year (MMtpa) of liquefied pure gasoline (LNG) from German energy and pure gasoline utility Uniper SE.
Deliveries are scheduled to begin January 2028 and could be acquired at LNG terminals on the west coast of India, a joint assertion mentioned.
“The LNG provide settlement with GSPC leverages Uniper’s international vitality buying and selling capabilities and experience in LNG markets to the good thing about each events”, Uniper chief business officer Carsten Poppinga mentioned. “It additionally represents an vital relationship with one other vital government-owned gasoline firm to develop inexpensive and dependable vitality options for our clients globally”.
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GSPC managing director Avantika Singh mentioned, “We’re aggressively scaling our operations to change into an eminent pressure in India’s gasoline buying and selling sector. This settlement with Uniper, an organization during which the German federal authorities holds a big stake, serves as a strategic cornerstone in GSPC’s mission to safe aggressive, long-term LNG. This partnership is a decisive step towards reinforcing GSPC’s portfolio and bridging the escalating pure gasoline supply-demand hole throughout Gujarat and the nationwide market”.
GSPC says it fulfills one-third of the gasoline demand in Gujarat, serving 2.3 million households and 20,000 business and industrial shoppers.
Uniper goals to develop its gasoline and LNG portfolio over the “medium time period”, primarily via long-term contracts, to 250-300 terawatt-hours (TWh) per 12 months, it mentioned in its assertion of half-year outcomes on August 7, 2025.
“Uniper goals to consolidate its sturdy gross sales place of 180 to 200 TWh per 12 months in Germany, Austria and Switzerland and to selectively broaden its LNG gross sales actions in Asia”, it mentioned then. “It will allow it to handle and successfully restrict value and quantity dangers globally”.
Earlier in 2025 Uniper signed a cope with Canada’s Tourmaline Oil Corp for an eight-year provide of Canadian gasoline totaling 234 billion cubic ft to Europe.
“Underneath the LNG Netback Provide Settlement, Tourmaline will ship gasoline to the ANR SE buying and selling hub in southeast Louisiana, USA”, mentioned a joint assertion July 30, 2025. “The contract relies on TTF (Dutch Title Switch Facility) pricing, offering Tourmaline with worldwide value publicity”.
Additionally in 2025 Uniper dedicated to at least one MMtpa for 13 years from Woodside Vitality Group Ltd’s under-construction Louisiana LNG venture in america. The settlement additionally secures a further provide of as much as one MMtpa from the remainder of the Australian firm’s international portfolio from the beginning of Louisiana LNG’s operation to 2039.
“This deal will help our safety of provide and versatile era technique along with the potential growth of further gas-fired energy vegetation in Germany to enrich the renewable build-up”, Uniper chief govt Michael Lewis mentioned in a joint assertion April 17, 2025.
To contact the writer, electronic mail jov.onsat@rigzone.com
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