Germany’s Uniper, GSPC sign 10-year LNG supply deal
Uniper and GSPC, Gujarat state owned natural gas company, have finalized an up to ten-year LNG agreement for up to 0.5 MTPA LNG deliveries into India. The contract will start in January 2028 under which, Uniper will deliver LNG to the GSPC into LNG terminals located in west coast of India.
The agreement between the two companies comes just a few weeks after the historical summit between Prime minister Modi and Chancellor Merz in Ahmedabad, Gujarat, to further boost the bilateral economic ties between the two countries through such energy cooperation.
Uniper SE and Gujarat State Petroleum Corporation have finalised an LNG supply agreement for up to 0.5 MTPA over ten years starting January 2028.
Uniper will deliver LNG to terminals on India’s west coast.
The deal strengthens Indo-German energy ties and supports GSPC’s strategy to secure long-term, competitive gas supplies to bridge rising demand in Gujarat and India.
“The LNG supply agreement with GSPC leverages Uniper’s global energy trading capabilities and expertise in LNG markets to the benefit of both parties. It also represents an important relationship with another important government owned gas company to develop affordable and reliable energy solutions for our customers globally.” Carsten Poppinga, Chief Commercial Officer, Uniper SE.
“We are aggressively scaling our operations to become an eminent force in India’s gas trading sector. This agreement with Uniper, a company in which the German federal government holds a significant stake, serves as a strategic cornerstone in GSPC’s mission to secure competitive, long-term LNG. This partnership is a decisive step toward reinforcing GSPC’s portfolio and bridging the escalating natural gas supply-demand gap across Gujarat and the national market.” Ms. Avantika Singh, IAS, Managing Director, Gujarat State Petroleum Corporation (GSPC).
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ALCHEMPro News Desk (JP)
