Uniper said in a statement on Friday that the deal is for up to ten years and 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.
Uniper noted that 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.
Carsten Poppinga, Uniper’s chief commercial officer, said the LNG supply agreement with GSPC leverages Uniper’s global energy trading capabilities and expertise in LNG markets to the benefit of both parties.
Uniper has a portfolio of pipeline gas, LNG, and short- to mid-term market transactions. In addition, it holds 57 TWh of LNG regasification bookings, according to its website.
Last year, Uniper agreed to buy 1 million tonnes per annum (mtpa) of LNG on a free-on-board basis for up to thirteen years from Wododside’s Louisiana LNG project.
Also, Canada’s largest natural gas producer Tourmaline entered into a long-term LNG feed gas supply agreement with Uniper last year.
“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,” Avantika Singh, IAS, managing director, GSPC, said.
In Gujarat, GSPC, along with its other group companies, supplies one-third of the natural gas demand in the Indian state, catering to 2.3 million households and 20,000 industrial and commercial clients, and operates over 800 CNG stations.
GSPC LNG operates the 5 mtpa Mundra LNG import terminal in Gujarat.
Last year, GSPC signed a 17-year sales and purchase agreement (SPA) with QatarEnergy for up to 1 mtpa of LNG to India.
It also signed a 10-year agreement with France’s TotalEnergies for 400,000 tons of LNG per year, amounting to six cargoes per year.
