India signs 1st long-term LPG import deal with US
IndianOil, BPCL, and HPCL have teamed up to sign India's first formal contract with the US to import 2.2 million metric tons of LPG (date not confirmed in the source).
Announced by Petroleum Minister Hardeep Singh Puri. Announcement date not found in the source — remove the November 2025 date or cite a supporting source.
Officials had engaged in discussions with US producers in the months beforehand.
Deal reduces India's reliance on West Asia for LPG
This move helps India rely less on West Asia for LPG and keeps supply steady, even if global routes get risky.
The deal covers nearly 10% of our annual LPG imports and contributes to supply for India's roughly 331 million domestic LPG customers, especially as the government works to keep cylinder prices affordable despite rising global costs.
Plus, it reduces India's trade surplus with the US and boosts India's energy security with enough storage for three weeks.