January 20, 2026 [Storage Terminals Magazine]- ADNOC Gas plc and its subsidiaries have signed a long-term liquefied natural gas sales and purchase agreement with Hindustan Petroleum Corporation Limited, valued at between US$2.5 billion and US$3 billion over a ten-year period. ADNOC Gas is listed on the Abu Dhabi Securities Exchange under the symbol ADNOCGAS.

The agreement was announced during an official visit to India by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, during which he met with Indian Prime Minister Narendra Modi. As part of the visit, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and group chief executive officer, and Vikas Kaushal, chairman and managing director of HPCL, formally exchanged the signed contract.

The agreement converts a previously signed heads of agreement into a binding long-term sales and purchase agreement for the supply of 0.5 million tonnes per annum of LNG. Over its duration, the contract is valued at approximately US$2.5 billion to US$3 billion and represents a further strengthening of the strategic energy partnership between the United Arab Emirates and India.

The deal reinforces ADNOC Gas’ position as a reliable and trusted LNG supplier to Asia’s fast-growing markets, while supporting India’s ambition to increase the share of natural gas in its energy mix to 15 percent by 2030. It also reflects the expanding commercial relationship between ADNOC Gas and Indian energy companies.

With this agreement, the total value of contracts supported and operated by ADNOC Gas now exceeds US$20 billion. India has become the UAE’s largest customer and plays a central role in ADNOC Gas’ long-term LNG strategy, with the company’s growth closely aligned to India’s continued energy demand.

By 2029, ADNOC Gas is expected to operate 15.6 million tonnes per annum of LNG capacity, of which 3.2 million tonnes per annum is contracted to Indian energy companies, including HPCL. Supplies under the agreement will be sourced from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to six million tonnes per annum and is among the world’s longest-operating LNG plants. Since commencing operations, the facility has delivered more than 3,500 LNG cargoes worldwide, demonstrating a strong record of operational performance and reliability.

The HPCL agreement aligns with ADNOC Gas’ broader strategy to diversify its customer base and expand its footprint in India and other key growth markets across Asia. Over the past three years, ADNOC Gas has secured multiple long-term LNG supply agreements, ranging from 0.4 to 1.2 million tonnes per annum with contract durations of up to 14 years, further strengthening its position as a leading supplier of reliable, lower-carbon LNG to the region.