India's HPCL invites LNG suppliers for spot and long-term import deals
- HPCL operates an LNG import and regassification facility at Chhara in western India with annual capacity of 5 million metric tons
NEW DELHI: India’s Hindustan Petroleum Corp on Monday invited liquefied natural gas (LNG) suppliers, producers and traders to register to supply LNG on a spot and long-term basis, according to a notice on its website.
HPCL operates an LNG import and regassification facility at Chhara in western India with annual capacity of 5 million metric tons.
Apart from spot purchases, HPCL is looking to import up to 1 million tons per year of LNG for 10 to 15 years, sources with knowledge of the matter said.
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
HPCL did not respond immediately to an emailed request for comment.
India wants to raise the share of gas in its energy mix to 15% from about 6% currently to cut its carbon footprint.
HPCL also has a 10-year LNG import deal with Abu Dhabi National Oil Co for 500,000 tons of LNG every year from 2028. The company also buys LNG through spot tenders.
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