USD 3bn HPCL–Abu Dhabi LNG Deal Advised by SAM, HFW

Major India–UAE Energy Deal Strengthens Long-Term LNG Supply

Leading law firms Shardul Amarchand Mangaldas & Co (SAM) and Holman Fenwick Willan (HFW) have advised on a USD 3 billion long-term LNG sale and purchase agreement between Hindustan Petroleum Corporation Limited (HPCL) and Abu Dhabi Gas Liquefaction Company. The deal marks a significant step in strengthening India’s energy security and deepening India–UAE strategic energy cooperation.

Details of the LNG Supply Agreement

Under the agreement, HPCL will procure liquefied natural gas (LNG) worth approximately USD 3 billion over a 10-year period. The long-term supply arrangement is aimed at supporting India’s rising natural gas demand while ensuring stable and reliable LNG imports.

The transaction also aligns with India’s broader energy goals, including the government’s target to raise the share of LNG to 15% in the country’s overall energy mix in the coming years.

Legal Advisors and Key Roles

SAM Advises Hindustan Petroleum

Shardul Amarchand Mangaldas & Co represented Hindustan Petroleum Corporation Limited in the transaction. The firm’s projects team was led by Prashant Sirohi, with support from senior associate Rudra Shankar.

Commenting on the deal, Prashant Sirohi described the agreement as an important milestone that further strengthens the growing strategic energy partnership between India and the United Arab Emirates.

HFW Represents Abu Dhabi Gas Liquefaction Company

International law firm Holman Fenwick Willan (HFW) acted as legal counsel to Abu Dhabi Gas Liquefaction Company, advising on the LNG supply arrangement and related commercial aspects of the transaction.

Boost to India’s Energy Security

The long-term LNG agreement is expected to play a crucial role in enhancing India’s long-term energy security, diversifying fuel sources, and supporting the transition toward cleaner energy. It also highlights the increasing importance of natural gas and LNG imports in meeting India’s future energy needs.