HPCL invites LNG suppliers for spot and long-term import deals

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.


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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.