What is the key detail about Indian Oil Corp's new LPG import deal with Algeria's Sonatrach?

Indian Oil Corp (IOC) has finalised a deal with Algeria's Sonatrach to import liquefied petroleum gas (LPG) in 2027, under which IOC will lift one very large gas carrier containing 45,000 to 55,000 metric tons of LPG — a mix of propane and butane — every month on a free-on-board basis.

Why is India diversifying its LPG imports away from the Middle East?

India is diversifying its LPG sources to reduce reliance on the Middle East after the recent blockade of the Strait of Hormuz disrupted energy flows and forced the country to ration LPG supplies.

Indian Oil Corp Nears LPG Import Deal with Algeria's Sonatrach for 2027

Aug 20, 2026

Indian Oil Corp finalized a 2027 LPG import deal with Algeria's Sonatrach to reduce reliance on Middle Eastern supplies following regional tensions. Monthly shipments of propane and butane will be lifted on a free-on-board basis.

reuters

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