HPCL signs its first LNG Trading Supply Agreement
Hindustan Petroleum Corporation Limited (HPCL) and ADNOC Trading LNG Trading Supply Agreement marks a significant step in the strategic partnership between the two organizations, fostering energy security and sustainability.
State-owned Hindustan Petroleum Corporation Ltd has signed its first LNG Trading Supply Agreement with ADNOC Trading.
The company stated that Hindustan Petroleum Corporation Limited (HPCL) and ADNOC Trading have signed LNG Trading Supply Agreement. This Agreement marks a significant step in the strategic partnership between the two organizations, fostering energy security and sustainability.
The LNG will be received at recently commissioned Chhara LNG Terminal of HPCL LNG Ltd., a wholly-owned subsidiary of HPCL, to meet captive demand of HPCL and also for marketing to other downstream customers. Presently, Chhara LNG Terminal has regasification capacity of 5 MMTPA with gross storage capacity of LNG 400,000 Cubic Metre in two equal sized LNG tanks.
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This agreement between HPCL and ADNOC Trading underscores the deepening economic ties between India and the UAE, emphasizing the role of LNG in supporting India’s energy transition. The partnership positions ADNOC Trading as a key supplier for HPCL, enabling the Indian energy major to diversify its supply portfolio and secure long-term energy solutions.
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