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India's BPCL signs LPG supply deal with Norway's Equinor

Published by Global Banking & Finance Review

Posted on February 13, 2025

1 min read

· Last updated: March 1, 2026

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Bharat Petroleum and Equinor executives sign LPG supply deal - Global Banking & Finance Review
The image captures the moment Bharat Petroleum Corp and Equinor Plc executives finalize a crucial LPG supply deal, highlighting India's strategic energy partnerships. This agreement is part of India's broader energy strategy discussed at India Energy Week.
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BPCL Secures LPG Supply from Equinor in New Agreement

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)

Key Takeaways

  • BPCL signs LPG supply deal with Equinor.
  • Agreement includes propane and butane purchase.
  • Deal offers prices lower than global markets.
  • BPCL also secures crude oil and LNG deals.
  • Agreement duration is one year.

Frequently Asked Questions

What is the main topic?
The main topic is BPCL's LPG supply deal with Equinor, focusing on competitive pricing and energy resource enhancement.
What are the terms of the deal?
The deal is a one-year agreement for the supply of propane and butane at prices lower than global markets.
Who else is involved in BPCL's recent deals?
BPCL also signed deals with TotalEnergies for crude oil and Abu Dhabi National Oil Co. for LNG.

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