What is HPCL's stated objective in inviting LNG suppliers for both spot and long-term deals?

HPCL's stated objective is to secure LNG supplies on both spot and long-term bases to support India's goal of raising the share of gas in its energy mix to 15% from about 6% currently, thereby cutting its carbon footprint.

How much LNG does HPCL plan to import annually under its long-term procurement initiative, and for how long?

HPCL is looking to import up to 1 million tons per year of LNG for a duration of 10 to 15 years, according to sources with knowledge of the matter cited in the news body.

India's HPCL Invites LNG Suppliers for Spot and Long-Term Import Deals

Jul 20, 2026

India's HPCL invited LNG suppliers for spot and long-term deals, targeting up to 1 million tons annually for 10 to 15 years. This initiative supports India's goal to increase natural gas share in its energy mix to 15%.

reuters

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