Whalesbook
State-run Indian oil companies have agreed to purchase 2.2 million tonnes of Liquefied Petroleum Gas (LPG) from the United States in a one-year deal. This marks a significant step in diversifying India's LPG sourcing beyond traditional Gulf suppliers. The agreement aims to enhance India's energy security and help reduce the trade imbalance with the US, a key objective for both nations. The gas will be sourced from the US Gulf Coast, with pricing linked to the Mont Belvieu benchmark.