Mumbai: In a game-changing move, Hindustan Petroleum Corporation Limited (HPCL), an ONGC subsidiary, has sealed a pivotal LNG supply agreement with ADNOC Trading. This strategic partnership is poised to bolster energy security and drive sustainable growth, marking a new chapter in the collaboration between the two giants.
The LNG shipments will arrive at the state-of-the-art Chhara LNG Terminal, managed by HPCL LNG Ltd., a fully-owned HPCL subsidiary. This facility will not only meet HPCL’s internal requirements but also serve other downstream clients. Boasting a regasification capacity of 5 million metric tonnes per year, the terminal features two LNG tanks with a combined storage capacity of 400,000 cubic meters.
This deal underscores the strengthening economic bonds between India and the UAE, spotlighting LNG’s critical role in India’s energy transformation. By aligning with ADNOC Trading as a key supplier, HPCL is diversifying its energy portfolio and locking in reliable, long-term solutions.
The corporate world is abuzz, eagerly awaiting the ripple effects of this transformative alliance.
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