HPCL signs LNG trading supply agreement with ADNOC trading

Hindustan Petroleum Corporation Ltd (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 Cu.M. in two equal sized LNG tanks.

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.

At 12.58 pm, Hindustan Petroleum Corporation Ltd was trading at Rs. 392.75, down by 0.46%, with a volume of 1.12 lakh shares on the BSE.