🔷 HPCL signs 10-year LNG supply agreement with Abu Dhabi’s ALNG 🌍🔥
🔷 HPCL signs 10-year LNG supply agreement with Abu Dhabi’s ALNG 🌍🔥
📢 A strategic move toward energy transition and security.
HPCL (Hindustan Petroleum Corporation Ltd) has entered into a Heads of Agreement (HOA) with Abu Dhabi Gas Liquefaction Co. (ALNG) — a subsidiary of ADNOC Gas — to procure LNG for 10 years.
🛳️ Supply to be received at: Newly commissioned Chhara LNG Terminal, Gujarat
🎯 Use cases:
▪️ Refinery operations
▪️ City Gas Distribution (CGD)
▪️ Commercial downstream customers
🌐 Strategic Significance:
✔️ Strengthens India-UAE energy ties
✔️ Bolsters India’s long-term LNG security
✔️ Supports HPCL’s cleaner energy transition roadmap
🔍 Overview:
A forward-looking agreement that hedges against price volatility and ensures HPCL has assured gas volumes amid growing industrial and CGD demand. The UAE's role as a dependable energy partner is further cemented through this term deal.
