India Energy Week 2025: IOC, BPCL ink pacts with UAE to import LNG

The biggest deal was signed by public sector oil marketing company IOC. It inked an agreement to import LNG from UAE's Abu Dhabi National Oil Co.

Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) on Thursday signed multibillion dollar pacts with a United Arab Emirates’ (UAE’s) state-owned oil company to import Liquefied Natural Gas (LNG) over the next few years as the country gears up to meet the rising natural gas demand.

 

The International Energy Agency (IEA) on Wednesday said that the gap between India’s contracted LNG supply and its projected requirement is set to “significantly widen” by 2028, and suggested that the country should carefully plan to ensure supply security and to help gas to compete in a price-sensitive market.

 

The biggest deal