BPCL Secures Major LNG Deal with ADNOC Trading, Linked to Henry Hub

17 Feb 2025 CW Team

Bharat Petroleum Corporation (BPCL) has secured its first Liquefied Natural Gas (LNG) sourcing contract linked to the Henry Hub Index, marking a significant move to strengthen energy security and support India's transition to a gas-centric economy. The agreement, finalised with ADNOC Trading, a subsidiary of ADNOC Gas, was signed during India Energy Week 2025. BPCL鈥檚 Business Head for Gas, Akshay Wadhwa, and ADNOC Gas鈥檚 EVP of Sales and Trading, Philippe Khoury, were present at the signing ceremony.

This medium-to-long-term contract is intended to diversify BPCL鈥檚 LNG sourcing portfolio, ensuring reliable and competitive gas supplies to meet India鈥檚 growing energy demand. LNG deliveries under this agreement are set to begin in 2025.

The contract strengthens BPCL鈥檚 commitment to enhancing its LNG capabilities, aligning with India鈥檚 goal of increasing natural gas's share in its energy mix. The deal also underscores the strategic partnership between BPCL and ADNOC, further fortifying energy ties between India and the UAE.

This agreement represents a pivotal step for BPCL in reinforcing its position in the global LNG market, ensuring sustained energy security and competitiveness in a rapidly evolving energy sector.

News source: Livemint

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