Oil PSUs ink deal to buy US LPG: First such pact for importing 2.2 MTPA of gas; move to cut India’s reliance on Gulf
State-run energy companies have signed their first-ever annual cooking gas supply deal with the US, aiming to narrow India’s trade surplus with Washington amid ongoing negotiations with the Trump administration. The diversification is also aimed at reducing New Delhi’s overdependence on Gulf suppliers, a key vulnerability during regional flare-ups.
“Indian PSU oil companies have successfully concluded a one-year deal for imports of around 2.2 million tonnes per annum (MTPA) LPG, close to 10% of our annual imports — for the contract year 2026, to be sourced from the US Gulf Coast — the first structured contract of US LPG for the Indian market,” oil minister Hardeep Puri said on Monday.
