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LNG: Indian Oil Seeks Term Deal for 12 LNG Cargoes a Year

LNG
IndiaEnergy BulletsBulletPower BulletsAPACCommodities

Indian Oil Corp. is seeking  a term deal for 12 LNG cargoes a year for as much as 20 years from 2027 or 2028, according to Bloomberg sources.

  • India seeks to significantly boost gas as part of its energy mix to a share of 15% by 2030 to reduce dirtier fossil fuels dependence.
  • India’s LNG imports have recovered to the highest since 2020, according to Bloomberg ship-tracking data as the country will rely heavily on the supplies to achieve gas consumption plans.
  • The Chhara LNG terminal is expected to begin operations shortly to become India’s eighth LNG import terminal.
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Indian Oil Corp. is seeking  a term deal for 12 LNG cargoes a year for as much as 20 years from 2027 or 2028, according to Bloomberg sources.

  • India seeks to significantly boost gas as part of its energy mix to a share of 15% by 2030 to reduce dirtier fossil fuels dependence.
  • India’s LNG imports have recovered to the highest since 2020, according to Bloomberg ship-tracking data as the country will rely heavily on the supplies to achieve gas consumption plans.
  • The Chhara LNG terminal is expected to begin operations shortly to become India’s eighth LNG import terminal.