HPCL, ADNOC Trading ink LNG pact

State-owned Hindustan Petroleum Corporation (HPCL) and UAE’s ADNOC Trading have signed a liquefied natural gas (LNG) trading supply agreement.

Under the agreement, the first such between the entities, the product will be received at the recently commissioned Chhara terminal of HPCL subsidiary HPCL LNG. Besides meeting the captive demand of HPCL, the product will be marketed to other downstream customers. Chhara LNG Terminal has regasification capacity of 5 MMTPA with gross storage capacity of LNG 400,000 Cu.M. in two equal sized LNG tanks.

This agreement underscores the deepening economic ties between India and the UAE as well as emphasises the role of LNG in supporting India’s energy transition, HPCL said. It also positions ADNOC Trading as a key supplier for HPCL, enabling the Indian oil marketing company to diversify its supply portfolio and secure long-term energy solutions.