Indian State Refiners Aim to Buy More LPG From US as Part of Planned Deal
Indian state-owned refiners plan to increase their purchases of liquefied petroleum gas (LPG) from the United States as part of a planned trade deal. This shift in sourcing is aimed at reducing their reliance on supplies from the Middle East. The decision comes as India seeks to diversify its energy imports and strengthen its trade relationship with the US. The increased LPG purchases from the US are expected to be a key component of the planned trade agreement between the two countries. The move is also seen as a strategic decision to enhance India's energy security and reduce its dependence on a single region for critical energy resources. The shift in LPG sourcing is expected to provide the Indian refiners with more flexibility and better pricing options in the global LPG market.
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