Germany's Uniper, GSPC sign 10-year LNG supply deal

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.

“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)