ZACKS·2025-06-05 13:01Group 1 - BP Singapore has signed a long-term sales and purchase agreement with Torrent Power to supply up to 0.41 million metric tons per annum of liquefied natural gas from 2027 to 2036 [1][9] - The agreement supports Torrent's 2,730 MW gas-based power plants and its expanding city gas distribution operations, aligning with India's strategy to increase the share of natural gas in its energy mix from 6% to 15% by the end of the decade [2][3] - Torrent Power is actively exploring additional LNG sourcing options to support its growing generation and distribution infrastructure [4][9] Group 2 - Torrent Power currently has an installed capacity of 4,838 MW, which includes 2,730 MW gas-based, 1,746 MW renewables, and 362 MW coal-fired assets, with ongoing projects for 3,154 MW of renewables and 3,000 MW of pumped storage capacity [5] - The deal with Torrent Power is part of BP's broader strategy to secure long-term commercial partnerships in key growth markets while contributing to global energy transition goals [6] Group 3 - The agreement is significant for addressing peak demand and integrating variable renewable energy into India's evolving grid [2] - BP's recent activities include major investment projects in Azerbaijan, highlighting its momentum in global energy markets [6]