HPCL signs 10-year LNG supply deal with ADNOC Gas subsidiary
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HPCL signed a 10-year Sale Purchase Agreement with Abu Dhabi Gas Liquefaction Company (ALNG), a subsidiary of ADNOC Gas of UAE, for supply of Liquefied Natural Gas. The LNG will be received at HPCL's 5 MTPA Storage and Regasification Terminal at Chhara, Gujarat. It will support HPCL's refineries, City Gas Distribution network, and gas demand from fertilizers, power, petrochemicals and industrial sectors. No contract value disclosed.
Secures long-term LNG supply for HPCL's Chhara terminal. Supports growth in CGD and cleaner fuel segments. No contract value disclosed.