India's largest refiner, Indian Oil Corporation (IOC), is planning to acquire a 50% stake in very large gas carriers (VLGCs). The move comes amid preparation to step up imports of liquefied petroleum gas (LPG) from the United States, according to a tender document.

India plans to buy a quarter of its LPG imports from the United States in 2027. This move aims to reduce Middle East reliance and support trade deal efforts. State refiners will…

India plans to source up to 25% of its LPG imports from the U.S. by 2027, reducing Middle East reliance.

Indian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased liquefied petroleum gas imports from…