New Delhi, Nov. 17 -- In a historic development, India on Monday concluded a structured contract to import LPG from the US Gulf Coast for the contract year 2026, marking the first such structured US LPG contract for the Indian marketPetroleum Minister Hardeep Singh Puri said Indian PSU oil companies have successfully concluded a one-year structured contract to import around 2.2 MTPA of LPG from the US Gulf Coast for the contract year 2026. This represents close to ten percent of India's annual LPG imports and marks the first such structured US LPG contract for the Indian market.
Describing the decision as a ''historic development,'' the Minister noted that one of the world's largest and fastest growing LPG markets has now opened up to the ...