India inks first major LPG import deal with US

In the first structured contract, India’s state-owned oil companies have concluded a one-year deal for imports of 2.2 million tonne of liquefied petroleum gas (LPG) from the US in 2026, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday.

The imports, accounting for close to 10% of the country’s annual imports, will be sourced from the US Gulf Coast. The deal follows the commitment expressed by India to scale up energy imports from the US, with which the country is negotiating a bilateral trade agreement (BTA), even as most Indian goods face an additional tariff of 50% in the US over the most favoured nation rates.