Oil PSUs ink LPG import agreement with US firms

Indian Public Sector Undertaking (PSU) oil companies have successfully concluded a one-year structured contract to import around 2.2 million tonnes per annum (MTPA) of LPG from the US Gulf Coast for the contract year 2026. 

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This represents close to ten per cent of India’s annual LPG imports and marks the first structured US LPG contract for the Indian market.

As part of this effort, a team of officials from IndianOil, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) had visited the United States from 21 to 24 July 2025 and engaged in discussions with major US producers.

This new sourcing arrangement for 2026 is another step in strengthening India’s energy security while ensuring affordable access to clean cooking fuel for millions of households, said Minister of Petroleum and Natural Gas, Hardeep Singh Puri, in a release.

 

 

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