HPCL signs USD 3 bn LNG deal with UAE’s ADNOC Gas
Hindustan Petroleum Corporation Ltd (HPCL) has signed a USD 3 billion deal to buy liquefied natural gas from the Abu Dhabi National Oil Company Gas (ADNOC Gas), making it the UAE’s top customer, the firm said.
The two firms signed a Sales and Purchase Agreement (SPA) during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Prime Minister Narendra Modi on Monday.
Abu Dhabi’s state firm will supply 0.5 million tonnes of LNG a year to HPCL for 10 years starting 2028.
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