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 Akshay Wadhwa, Business Head, Gas, BPCL and Philippe Khoury – EVP, Sales and Trading, ADNOC Gas, in the presence of Sukhmal Kumar Jain, Director – Marketing, BPCL and 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 2025.

Speaking about the agreement, G. Krishnakumar, Chairman & Managing Director of BPCL, remarked, "Our agreement with ADNOC Trading is a significant step in securing a stable and cost-effective LNG supply. Diversifying our sourcing with a Henry Hub-linked contract strengthens India’s energy security and supports its transition to cleaner energy."

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.

This landmark agreement signifies a crucial development for BPCL as it continues to innovate and enhance its role in the global LNG market, ensuring sustained energy security and competitiveness in a swiftly changing energy landscape.