{
  "id": 2126928,
  "title": "Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027; sources say",
  "url": "https://urgent.news/2026/08/20/indian-oil-close-to-signing-lpg-import-deal-with-algerias-sonatrach",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T11:21:17.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435757/indian-oil-close-to-signing-lpg-import-deal-with-algerias-sonatrach-for-2027-sources-say"
  },
  "original_language": "en",
  "account": "Indian Oil Corp, India's leading refiner, has reached an agreement with Algeria's Sonatrach to import liquefied petroleum gas (LPG) in 2027, according to three trade sources familiar with the matter. The move comes as India seeks to reduce its dependence on the Middle East for LPG supplies, following the recent blockade of the Strait of Hormuz that disrupted energy flows and led to rationing of the cooking gas.\n\nUnder the deal, Indian Oil Corp will be responsible for loading one very large gas carrier, carrying 45,000 to 55,000 metric tons of LPG every month. The gas will be a blend of propane and butane. The corporation previously had a term deal with Sonatrach but switched to Middle Eastern suppliers a few years ago. Algeria's LPG prices are reportedly lower than those of Saudi Aramco, which is why Indian Oil Corp chose to enter into this deal with Sonatrach on a free-on-board basis.\n\nIndia initiated LPG imports from Algeria in June, and is projected to receive approximately 110,000 tons of LPG in August, based on preliminary LSEG trade flows. To offset the loss of Middle Eastern LPG supplies, India has ramped up its procurement of U.S. LPG, and aims to acquire up to a quarter of its LPG imports from the United States in 2027, sources said last month. The country's three state oil retailers - Indian Oil Corp, Hindustan Petroleum Corp, and Bharat Petroleum Corp - are expected to issue a joint tender for U.S. LPG imports, according to sources.",
  "summary": "NEW DELHI: Indian Oil Corp, the country’s top refiner, has finalised a deal with Algeria’s Sonatrach to import liquefied petroleum gas (LPG) in 2027, three trade sources aware of the matter said. India is diversifying its sources of LPG, mainly used as cooking gas, to cut its reliance on the Middle East after the recent blockade of the Strait of Hormuz affected energy flows, forcing the South…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}