India and the United Arab Emirates have signed a LNG supply agreement valued at up to US$3bn. Under the deal, Abu Dhabi National Oil Company (ADNOC), will supply 0.5 Mt/year of LNG to India’s state-owned Hindustan Petroleum Corporation (HPCL) for a period of 10 years starting in 2029 (ADNOC Gas press release, 19/01/2026). The agreement converts a previously signed Heads of Agreement between the two companies into a long-term sales and purchase agreement (SPA).
According to the press release, India is now the UAE’s largest customer and a key pillar of ADNOC Gas’s LNG strategy. By 2029, ADNOC Gas is expected to operate 15.6 Mt/year of LNG capacity, of which 3.2 Mt/year is contracted to Indian energy companies, including HPCL. The volumes under this agreement will be supplied from ADNOC Gas’s Das Island liquefaction facility, which has a production capacity of up to 6 Mt/year.