Which global energy majors are interested in BPCL's LNG tender?

Companies like Abu Dhabi National Oil Co. (Adnoc) Gas, France's TotalEnergies, and Geneva-headquartered trading firm Gunvor have shown interest in BPCL's LNG tender.

Why is India seeking long-term LNG supplies?

India is seeking long-term LNG supplies to ensure energy security amidst global geopolitical volatility and an uncertain trade scenario.

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Global Energy Majors Eye India's 10-Year LNG Tender

Q: What is the total volume and value of BPCL's LNG tender?

BPCL's tender aims to secure approximately 4 million tonnes of liquefied natural gas (LNG) over a 10-year period, valued at around ₹35,000 crore.

30 Jan

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Summary

Ten global energy majors, including Adnoc Gas and TotalEnergies, seek BPCL's LNG.
BPCL's tender aims to secure 4 million tonnes of LNG over a decade.
This move supports India's energy security amid global geopolitical shifts.

Global Energy Majors Eye India's 10-Year LNG Tender

Major global energy firms have shown keen interest in Bharat Petroleum Corp. Ltd's (BPCL) tender for approximately 4 million tonnes of liquefied natural gas (LNG) over ten years. Companies such as Adnoc Gas, TotalEnergies, and Gunvor are among the over ten entities that have responded to BPCL's initiative. This substantial tender, valued at approximately ₹35,000 crore, signifies India's reinforced efforts to guarantee long-term gas provisions in an era marked by fluctuating geopolitical landscapes.

The tender seeks to secure 68 LNG cargoes, with a higher volume planned for the latter seven years of the contract. This move is critical for India, the world's fourth-largest LNG buyer, which relies on imports for about half its demand. Top suppliers currently include Qatar, the US, and the UAE. India's gas consumption is projected to rise, with BPCL itself planning significant investments in city gas distribution.