India and the UAE have finalized the India UAE LNG deal valued at $3 billion, with ADNOC Gas supplying 0.5 million metric tons annually to Hindustan Petroleum Corporation Ltd (HPCL) for 10 years starting 2028. The agreement, signed during UAE President Sheikh Mohammed bin Zayed Al Nahyan’s New Delhi visit, positions India as the UAE’s largest LNG customer.
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Ambitious $200 Billion Trade Target:
Prime Minister Narendra Modi and Sheikh Mohammed pledged to double bilateral trade to $200 billion by 2032 while establishing a strategic defense partnership. The India UAE LNG deal supports HPCL’s refineries, city gas networks, fertilizers, power, and petrochemical sectors via Gujarat’s Chhara terminal.
Energy Security Milestone:
ADNOC Gas noted the deal brings total India contracts to over $20 billion, representing 20% of its LNG sales by 2029. This reinforces UAE-India energy ties amid India’s push for 15% natural gas in its energy mix by 2030.
The India UAE LNG deal underscores growing strategic alignment between the economic powerhouses, blending energy security with defense and commerce expansion.
