Oil marketers tap US LPG cos for supplies from ’26

India’s state-run oil marketers are in joint discussions with US firms to secure cooking gas supplies beginning next year, three people aware of the development said, indicating a potential deepening of energy ties.

- Rituraj Baruah & Dhirendra Kumar

The companies—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd—are likely to sign near-identical contracts with the selected partners, the people said on the condition of anonymity.

The negotiations, happening against the backdrop of the US tariff on Indian goods, support the target set by both countries earlier this year to increase their energy trade to $20 billion.

“Indian OMCs are in talks, collectively, with at least a dozen LPG suppliers in the US. The negotiations are for supplies starting January next year, and the discussions are progressing well,” one of the three people cited above said. The person added that although deals may be signed separately, given that talks are happening at a combined level, the nature of deals would be largely the same.