ADNOC Gas plc announced on August 1, 2025, the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term. The agreement represents the third such deal ADNOC Gas has signed with Indian companies in the past year.

Agreement Details and Supply Source

The LNG will be supplied from ADNOC Gas' Das Island liquefaction facility, which has a production capacity of 6 mmtpa. Das Island operates as the world's third longest-operating LNG plant and has shipped over 3,500 LNG cargoes worldwide since starting operations. The long-term contract strengthens ADNOC Gas' partnership with key Indian players as the company continues to support India's energy security. This builds on recent agreements with Indian Oil Corporation and GAIL India Limited.

Strategic Significance and Market Expansion

The agreement underscores ADNOC Gas' expanded global footprint, particularly across the high-demand Asian LNG market, reinforcing its role as a reliable global supplier of LNG. ADNOC Gas supplies approximately 60% of the UAE's sales gas needs and supplies end-customers in over 20 countries. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, stated: "This long-term agreement with HPCL, our third with Indian companies in the past year, reflects the robust energy partnership between the UAE and India. This milestone underscores ADNOC Gas' ability to reliably meet rising global demand for LNG and support India's ambition to increase natural gas to 15% of its primary energy mix by 2030."

Company Profile and Operations

ADNOC Gas is listed on the ADX with the symbol "ADNOCGAS" and ISIN "AEE01195A234". The company operates as a world-class, large-scale integrated gas processing and sales company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas serves as a key player in ADNOC's strategy to enhance its natural gas production capacity and expand global LNG exports. Natural gas serves as a crucial transitional fuel, offering lower carbon emissions compared to other fossil fuels and serving as an important raw material in industrial value chains.