Indian state refiners issue joint tender for US LPG imports through 2027
What happened
Indian Oil, Bharat Petroleum, and Hindustan Petroleum have jointly issued a term tender seeking liquefied petroleum gas supplies from US exporters through 2027, according to a tender document.
Why it matters
Combining procurement allows the state-owned refiners to pool purchasing power and secure predictable domestic fuel deliveries while mitigating recent disruptions affecting traditional Middle Eastern supply routes.
Bigger picture
The multi-year agreement highlights broader supply chain diversification across Asia, where state energy importers are expanding trade links with US suppliers to hedge against regional geopolitical instability.
Watch next
Key developments to track include the closing date for bids, resulting contract awards to US exporters, and final agreed delivery volumes.