Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday announced that India has finalised its first structured contract to source liquefied petroleum gas (LPG) from the United States, marking what he described as “a historic first” for one of the world’s fastest-growing LPG markets.
In a post on X, Puri said, “A historic first! One of the largest and the world’s fastest growing LPG market opens up to the United States. In our endeavour to provide secure affordable supplies of LPG to the people of India, we have been diversifying our LPG sourcing.”
Puri said that state-run oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd, have concluded a one-year agreement to import about 2.2 million tonnes per annum (MTPA) of LPG for the contract year 2026. This volume accounts for nearly 10 per cent of India’s annual LPG imports, making it the “first structured contract of US LPG for the Indian market”.
