India signs first long-term LPG import deal with US

Indian state-run refineries Indian Oil, Bharat Petroleum and Hindustan Petroleum have signed their first long-term deal with the US to import 2.2 million tonnes of liquified petroleum gas (LPG) next year. Under the agreement, India will source nearly 10% of its annual LPG imports from the US Gulf Coast. It is the first structured LPG contract with the US for the Indian market. This represents a significant increase from last year, when the US provided less than 0.6% of India’s total LPG imports, accordin ...