Indian state-run oil companies have finalized a groundbreaking agreement to import 2.2 million tonnes of LPG from the United States in 2026. The deal, marking the first structured US LPG contract for India, represents a strategic initiative to expand energy procurement from Washington and address trade imbalances.

This contract encompasses almost 10% of India's annual LPG imports, reflecting a significant diversification away from traditional Middle Eastern suppliers like the UAE, Qatar, Kuwait, and Saudi Arabia. In 2024, these countries accounted for roughly 90% of India's LPG imports. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) will be central players in this import scheme.

The US-India LPG agreement is expected

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