HPCL, India’s state-owned oil company, has signed a long-term contract to supply LNG from ADNOC in the United Arab Emirates. According to Reuters, the deal is for 10 years and will commence in 2028. The document was signed with the participation of India’s External Affairs Minister.
The contract envisions long-term LNG supply and forms part of India’s strategy to diversify energy sources and strengthen energy security. For ADNOC, the agreement means expanding its presence in the Asian market.
Previously, India imported a portion of LNG from Russia. Since the start of Russia’s full-scale war against Ukraine, Russian LNG has continued to reach the Indian market, notably thanks to long-term contracts and lower prices that made the supplies economically attractive.
However, recently India has shifted emphasis and diversified its gas sources, reducing dependence on Russia. In September 2024, India’s Minister of Petroleum Pankaj Jain stated that the country would not buy LNG produced under Russia’s Arctic LNG 2 project, which is subject to Western sanctions.
In the context of energy policy and gas imports, it is also worth noting that in December 2025, Serbian President Aleksandar Vučić announced an agreement with Russia’s Gazprom to extend gas supplies for another three months – until March 31, 2026.
Outlook for India and Global Implications
The signed deal with ADNOC underscores the growing role of the Persian Gulf region in India’s energy strategy and helps reduce dependence on traditional suppliers. This strengthens the resilience of import chains amid geopolitical risks and could contribute to more stable LNG prices in the future.