In a key move to enhance energy security and support India’s transition towards a gas-driven economy, Bharat Petroleum Corporation Limited (BPCL) has signed its inaugural Liquefied Natural Gas (LNG) sourcing agreement tied to the Henry Hub Index. The deal, finalized with ADNOC Trading—an integral part of ADNOC Gas—during the India Energy Week 2025, was signed by Shri Akshay Wadhwa, Business Head of Gas at BPCL, and Mr. Philippe Khoury, EVP of Sales and Trading at ADNOC Gas. Also present at the signing were Shri Sukhmal Kumar Jain, Director of Marketing at BPCL, and Emmanuel De Reynies, Head of Trading at ADNOC Gas.
This medium-to-long-term contract aims to diversify BPCL’s LNG sourcing options, ensuring competitive and reliable gas supplies to meet India’s growing energy demands. The first LNG shipments under this agreement are expected to commence in the calendar year 2025.
Shri G. Krishnakumar, BPCL’s Chairman and Managing Director, commented, “This collaboration with ADNOC Trading marks a significant milestone in securing a consistent and cost-efficient LNG supply. By linking our sourcing strategy to the Henry Hub, we are strengthening India’s energy security and advancing its shift to more sustainable energy sources.” This deal reflects BPCL’s ongoing commitment to expanding its LNG presence, aligning with India’s broader goal of integrating natural gas as a key component of its energy mix.
The partnership with ADNOC Trading further reinforces BPCL’s long-standing relationship with ADNOC, while enhancing energy ties between India and the UAE.
This pivotal agreement underscores BPCL’s continued innovation in the global LNG sector, ensuring both long-term energy security and a competitive edge in an evolving global energy market.
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