Agreement Details
Uniper and GSPC have finalized a long-term LNG supply agreement for up to 0.5 MTPA. The contract is set to commence in January 2028, with deliveries directed to LNG terminals on India's west coast.
Strategic Context
This agreement follows a recent summit between India's Prime Minister Modi and Germany's Chancellor Merz in Ahmedabad, aimed at strengthening bilateral economic ties through energy cooperation.
Market Impact
The deal leverages Uniper's global energy trading capabilities and expertise in LNG markets, enhancing energy solutions for customers globally. It also supports GSPC's strategy to secure competitive, long-term LNG supplies.
Regional Significance
This partnership is crucial for addressing the growing natural gas supply-demand gap in Gujarat and the broader national market, reinforcing GSPC's portfolio in India's gas trading sector.
