India Strengthens Energy Security Through Long-Term LNG Partnership
Shardul Amarchand Mangaldas & Co (SAM) and Holman Fenwick Willan (HFW) have advised on a USD 3 billion long-term LNG sale and purchase agreement. The deal was signed between Hindustan Petroleum Corporation Limited (HPCL) and Abu Dhabi Gas Liquefaction Company.
This agreement is a major step toward improving India’s energy security. It also supports the country’s growing need for liquefied natural gas (LNG).
Key Highlights of the LNG Supply Agreement
Under the agreement, HPCL will buy LNG worth around USD 3 billion over 10 years. As a result, India will gain a steady and reliable gas supply.
Moreover, the deal supports India’s goal of increasing LNG’s share to 15% of the national energy mix. Therefore, it plays an important role in the country’s long-term energy planning.
Legal Advisors and Deal Leadership
SAM Advises Hindustan Petroleum Corporation
SAM represented HPCL in the transaction. The deal was led by partner Prashant Sirohi, along with senior associate Rudra Shankar.
According to Sirohi, the agreement is a key milestone. It strengthens the strategic energy relationship between India and the UAE. Additionally, it supports India’s shift toward cleaner fuel options.
HFW Represents Abu Dhabi Gas Liquefaction Company
Meanwhile, Holman Fenwick Willan (HFW) acted for Abu Dhabi Gas Liquefaction Company. The firm advised on legal and commercial aspects of the cross-border LNG agreement.
Impact on India’s Energy Strategy
Overall, the transaction enhances India’s long-term LNG supply security. It also helps meet rising natural gas demand across industries.
Furthermore, the deal highlights the growing India–UAE energy partnership. It reflects shared efforts to ensure stable and sustainable energy cooperation in the years ahead.
