BPCL Finalizes Significant LNG Sourcing Agreement with ADNOC Trading, Tied to Henry Hub Index
13 Feb 2025 | New Delhi, India
In a strategic initiative to bolster energy security and facilitate India's shift to a gas-oriented economy, Bharat Petroleum Corporation Limited (BPCL) has finalized its first Liquefied Natural Gas (LNG) sourcing contract linked to the Henry Hub Index. The agreement established with ADNOC Trading, a wholly owned subsidiary of ADNOC Gas, during India Energy Week 2025, was signed by Shri Akshay Wadhwa, Business Head, Gas, BPCL and Mr. Philippe Khoury – EVP, Sales and Trading, ADNOC Gas, in the presence of Shri Sukhmal Kumar Jain, Director – Marketing, BPCL and Mr. Emmanuel De Reynies – Head of Trading, ADNOC Gas.
The contract is designed as a medium to long-term agreement, allowing BPCL to broaden its LNG sourcing portfolio and thus ensure competitive and dependable gas supplies to cater to India's escalating energy needs. LNG deliveries under this contract are slated to begin in Calendar Year (CY) 2025.
This agreement reinforces BPCL's dedication to broadening its LNG footprint in line with India's ambition to elevate the role of natural gas in its energy framework. By collaborating with ADNOC Trading, BPCL strengthens its enduring partnership with ADNOC and fortifies energy relations between India and the UAE.
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