Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: March 1, 2026
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BPCL has signed a one-year LPG supply deal with Norway's Equinor, offering competitive prices below global market rates.
By Shariq Khan and Mohi Narayan
NEW DELHI (Reuters) - India's state-run refiner Bharat Petroleum Corp plans to buy propane and butane from Norwegian energy giant Equinor Plc, Indian energy minister Hardeep Singh Puri said on Thursday.
The two companies this week signed a preliminary deal, he told a news conference.
The agreement, which has a one-year duration, was signed at prices that are lower than global markets, Puri said at the India Energy Week conference.
He declined to share more details.
BPCL also signed a 12-month tender deal for the purchase of 1 million barrels of Abu Dhabi's Murban crude oil grade from TotalEnergies and a 2.5 million tonnes liquefied natural gas import deal with Abu Dhabi National Oil Co.
(Reporting by Shariq Khan, Mohi Narayan and Nidhi Verma in New Delhi; Editing by Tomasz Janowski)
The main topic is BPCL's LPG supply deal with Equinor, focusing on competitive pricing and energy resource enhancement.
The deal is a one-year agreement for the supply of propane and butane at prices lower than global markets.
BPCL also signed deals with TotalEnergies for crude oil and Abu Dhabi National Oil Co. for LNG.
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