Hindustan Petroleum Corporation Limited (HPCL) has signed a Sale Purchase Agreement (SPA) with Abu Dhabi Gas Liquefaction Company (ALNG), a subsidiary of ADNOC Gas, for the long-term procurement of Liquefied Natural Gas (LNG). This agreement is for a duration of 10 years.

Under the terms of the SPA, HPCL will receive LNG at its 5 Million Tonne per annum LNG Storage and Regasification Terminal located in Chhara, Gujarat. The supplies from this agreement will cater to the requirements of HPCL's own refineries, its City Gas Distribution (CGD) network, and the growing gas demand across critical sectors such as Fertilizers, Power, Petrochemicals, and other industries, thereby contributing to the nation's evolving energy needs.

This agreement signifies a deepening of economic ties between India and the UAE and highlights the crucial role of LNG in supporting India's energy transition. It marks a significant step for India's energy security and HPCL's commitment to transitioning towards cleaner energy sources.