IndianOil Finalizes LPG Import Deal with Algeria’s Sonatrach for 2027

Indian Oil Corp, the country's top refiner, has finalized a deal with Algeria's Sonatrach to import liquefied petroleum gas (LPG) in 2027, three trade sources aware of the matter said.

India is diversifying its sources of LPG, mainly used as cooking gas, to cut its reliance on the Middle East after the recent blockade of the Strait of Hormuz affected energy flows, forcing the South Asian nation to ration LPG supplies.

Under the deal, IOC will be lifting one very large gas carrier containing 45,000 to 55,000 metric tons of LPG, a mix of propane and butane, every month.