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People familiar with the matter revealed that Indian Petroleum has signed a one-year contract with the Algerian National Petroleum Company to purchase one ship of liquefied petroleum gas every month. According to people familiar with the matter, supply will begin in January next year. The conventional loading capacity of a single ship of liquefied petroleum gas is 45,000 to 46,000 tons. People familiar with the matter said that Bharat Petroleum, another smaller state-owned refining company, has also negotiated long-term supply of liquefied petroleum gas with the Algerian National Petroleum Company, but the two sides have yet to reach an agreement due to price differences. This cooperation is part of India's efforts to diversify gas sources and reduce dependence on the Middle East.
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People familiar with the matter revealed that Indian Petroleum has signed a one-year contract with the Algerian National Petroleum Company to purchase one ship of liquefied petroleum gas every month. According to people familiar with the matter, supply will begin in January next year. The conventional loading capacity of a single ship of liquefied petroleum gas is 45,000 to 46,000 tons. People familiar with the matter said that Bharat Petroleum, another smaller state-owned refining company, has also negotiated long-term supply of liquefied petroleum gas with the Algerian National Petroleum Company, but the two sides have yet to reach an agreement due to price differences. This cooperation is part of India's efforts to diversify gas sources and reduce dependence on the Middle East.
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