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India state refiners to import US LPG
Mint Mumbai
|November 15, 2025
Indian state refiners have awarded their first joint, long-term tenders to Chevron, Phillips 66 and TotalEnergies Trading SA to import US liquefied petroleum gas in 2026, two trade sources with knowledge of the matter said.
India plans to raise energy imports from the U.S. to cut its trade surplus with Washington, a key irritant for President Donald Trump, who has imposed a 50% import levy on Indian goods.
The three state refiners were jointly seeking delivery of about 48 very-large gas carriers, or about 2 million metric tons, of LPG in 2026.
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