Germany’s Uniper signs 10-year LNG supply deal with India

Germany’s state-owned energy firm Uniper has inked a 10-year LNG supply deal with Gujarat State Petroleum Corporation (GSPC), the Dusseldorf-based company announced on February 20.

Under the terms of the deal, Uniper will deliver 0.5mn tonnes per year (tpy) of the super-chilled fuel to GSPC beginning in January 2028. The deliveries will be made to terminals on India’s west coast.

The deal comes on the back of a summit in Gujarat attended by German Chancellor Friedrich Merz and Indian Prime Minister Narendra Modi held to discuss strengthening economic ties and energy cooperation.

“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, Managing Director of GSPC said in a statement.

“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,” Singh added.

India is in the midst of ramping up supply of LNG and earlier in February, the CEO of state-owned Petronet indicated that India would be open to purchasing LNG from the US, as the Asian country seeks to avoid harsh tariffs being imposed by US President Donald Trump. India held a $41bn trade surplus with the US in 2024-2025.

Meanwhile, India has also expressed interest in purchasing LNG from Canada, which is ramping up its production. Canadian Prime Minister Mark Carney is slated to visit India in early March.

India is looking to procure more LNG as it targets increasing the portion of natural gas in its energy mix to 15% by 2030. Currently, natural gas makes up around 7% of India’s energy mix.