NewsOrders & DealsHPCL Partners with UAE's ADNOC for 10-Year LNG Supply Agreement Starting 2028HPCL Partners with UAE's ADNOC for 10-Year LNG Supply Agreement Starting 2028
Hindustan Petroleum Corporation Limited has signed a 10-year liquefied natural gas supply agreement with UAE's Abu Dhabi National Oil Company, set to begin in 2028. This strategic partnership strengthens bilateral energy cooperation between India and the UAE while enhancing HPCL's energy portfolio and long-term supply security.
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Hindustan Petroleum Corporation Limited has announced a strategic partnership with the United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) for a comprehensive liquefied natural gas supply agreement. This collaboration marks a significant development in India's energy sector and strengthens the bilateral energy relationship between the two nations.
Partnership Details
The agreement establishes a long-term supply arrangement that will commence operations in 2028. This partnership represents HPCL's commitment to diversifying its energy portfolio and securing reliable supply sources for its operations.
| Parameter: | Details |
|---|---|
| Partner: | Abu Dhabi National Oil Company (ADNOC) |
| Duration: | 10 Years |
| Commencement: | 2028 |
| Product: | Liquefied Natural Gas (LNG) |
Strategic Significance
This collaboration between HPCL and ADNOC demonstrates the strengthening energy ties between India and the UAE. The agreement positions HPCL to enhance its natural gas supply capabilities and supports the company's long-term strategic objectives in the energy sector.
The partnership with ADNOC, one of the world's leading energy companies, provides HPCL with access to reliable LNG supplies from the UAE. This arrangement is expected to contribute to India's energy security objectives and support the country's growing natural gas requirements.
Future Implementation
The 10-year agreement will begin implementation in 2028, providing both companies with a structured framework for long-term cooperation. This timeline allows for proper planning and preparation to ensure smooth execution of the supply arrangement when it becomes operational.
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