Hindustan Petroleum Corporation Limited has entered into a long-term Liquefied Natural Gas (LNG) Sale and Purchase Agreement worth approximately $3 billion with Abu Dhabi Gas Liquefaction Company, a subsidiary of ADNOC Gas.

Shardul Amarchand Mangaldas & Co advised Hindustan Petroleum on this agreement.

The transaction team advising on the transaction was led by Prashant Sirohi (Partner) and Rudra Shankar (Senior Associate).

The transaction involves Hindustan Petroleum’s purchase of LNG valued at around $3 billion over a 10-year period, strengthening India’s long-term energy security and supporting the country’s growing demand for natural gas.

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