To foster energy security & sustainability
Indian oil marketing behemoth, Hindustan Petroleum Corporation Limited (HPCL), and ADNOC Trading have signed a crucial LNG Trading Supply Agreement.
ADNOC is a UAE headquartered company and is a leading trader of Crude Oil, LNG and other products.
This agreement is said to mark a significant step in the strategic partnership between the two organizations, fostering energy security and sustainability.
As per an official release from HPCL the LNG will be received at the 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 Cu.M. in two equal sized LNG tanks.
This agreement between HPCL and ADNOC Trading also 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.
