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HPCL and ADNOC Trading sign LNG supply agreement to strengthen energy cooperation
Hindustan Petroleum Corporation Limited (HPCL) has entered into a Liquefied Natural Gas (LNG) supply agreement with ADNOC Trading, a subsidiary of the Abu Dhabi National Oil Company (ADNOC). The agreement is part of ongoing efforts to enhance energy cooperation between India and the United Arab Emirates (UAE).
Under the agreement, ADNOC Trading will supply LNG to HPCL, which will be received at the recently commissioned Chhara LNG Terminal in Gujarat. The terminal is operated by HPCL LNG Ltd., a wholly-owned subsidiary of HPCL. It has a regasification capacity of 5 million metric tonnes per annum (MMTPA) and a total LNG storage capacity of 400,000 cubic meters across two storage tanks.
The LNG will be used to meet HPCL’s internal energy requirements and will also be marketed to downstream customers. This supply arrangement supports HPCL’s strategy to diversify its LNG sourcing portfolio and enhance supply security.
The agreement also reflects the growing trade and energy ties between India and the UAE, aligning with India’s broader energy transition goals that include expanding the use of cleaner fuels like natural gas.
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