No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Indian Oil signs $1.4bn LNG import contract with Trafigura

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
A A
Indian Oil signs .4bn LNG import contract with Trafigura
Share on FacebookShare on TwitterShare on LInkedIn


Indian Oil has reportedly entered a five-year agreement with global commodities trader Trafigura to purchase 2.5 million tonnes (mt) of liquefied natural gas (LNG), potentially amounting to $1.4bn (Rs118.46bn), as announced by the company’s chairman A S Sahney.

The contract, set to commence in the latter half of this year, will see LNG prices tied to the US Henry Hub benchmark, according to a report by Reuters.

Trafigura is expected to deliver three to four LNG cargoes to India this year and six annual cargoes starting next year.

This deal is part of India’s broader strategy to enhance its energy imports from the US, aiming to address its trade imbalance with the country.

Amidst the US-China trade tensions, traders are considering diverting some LNG shipments originally destined for China to India instead, the report said.

India, the fourth-largest LNG importer globally, brought in 26.58mt of LNG in 2024, according to data from Kpler.

The US, currently India’s second-largest LNG supplier, is in discussions to further increase supply volumes to meet the demands of India’s rapidly expanding economy, the report said.

In a related development, Abu Dhabi National Oil Company (ADNOC) has disclosed plans to start shipping liquefied petroleum gas (LPG) from the US to India from June, part of a strategic pivot due to the US-China trade disputes.

This move by ADNOC is expected to reduce India’s LPG import costs while simultaneously allowing the company to meet growing demand in China.

Furthermore, India has introduced major reforms to its domestic gas allocation policy, which will take effect from the first quarter of fiscal year 2026.

The policy revamp includes allocations for compressed natural gas and piped natural gas being made on a two-quarter advance basis and incorporates new well gas from the nomination fields of state-owned enterprises Oil and Natural Gas Corporation and Oil India.

“Indian Oil signs $1.4bn LNG import contract with Trafigura” was originally created and published by Offshore Technology, a GlobalData owned brand.

 

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



Source link

Tags: 1.4bncontractImportIndianLNGoilsignsTrafigura
ShareTweetShare
Previous Post

Southwest’s New Fares: Cardholders and Elites Win, Others Pay

Next Post

Bitcoin Becomes Nation’s New ‘Space Race’, Says White House

Related Posts

edit post
Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

by TheAdviserMagazine
October 5, 2025
0

An unexpected result in Japan’s leadership contest over the weekend is poised to ripple through global financial markets with the...

edit post
Firefly Aerospace strengthens portfolio with 5 million deal for national security tech firm SciTec

Firefly Aerospace strengthens portfolio with $855 million deal for national security tech firm SciTec

by TheAdviserMagazine
October 5, 2025
0

(Reuters) -Space tech firm Firefly Aerospace will acquire national security technology company SciTec for about $855 million. The deal, which...

edit post
Larry Summers praises Ford CEO Jim Farley’s concept of the essential economy because it doesn’t ‘fetishize manufacturing’

Larry Summers praises Ford CEO Jim Farley’s concept of the essential economy because it doesn’t ‘fetishize manufacturing’

by TheAdviserMagazine
October 5, 2025
0

Former Treasury Secretary Larry Summers said Ford CEO Jim Farley’s idea of the “essential economy” is a good concept as...

edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

by TheAdviserMagazine
October 5, 2025
0

The day trader persona on social media looks something like this: A man with a sporty vibe and the swagger...

edit post
Layoffs will start if shutdown talks ‘going nowhere’, says White House

Layoffs will start if shutdown talks ‘going nowhere’, says White House

by TheAdviserMagazine
October 5, 2025
0

WASHINGTON: The Trump administration will start mass layoffs of federal workers if President Donald Trump decides negotiations with congressional Democrats...

edit post
Gazans long for end to war, Rubio says not yet

Gazans long for end to war, Rubio says not yet

by TheAdviserMagazine
October 5, 2025
0

U.S. Secretary of State Marco Rubio said on Sunday that war in Gaza has not yet ended despite Israel and...

Next Post
edit post
Bitcoin Becomes Nation’s New ‘Space Race’, Says White House

Bitcoin Becomes Nation's New 'Space Race', Says White House

edit post
Tax due dates, credits and more: Your 2024 income tax return guide

Tax due dates, credits and more: Your 2024 income tax return guide

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

0
edit post
How TMT companies are leading the future of indirect tax

How TMT companies are leading the future of indirect tax

0
edit post
Splitting the Risk: How to Manage Interest Rate Risk in Project Finance

Splitting the Risk: How to Manage Interest Rate Risk in Project Finance

0
edit post
Kroger: Free Private Selection Cinnamon Roll on October 4th!

Kroger: Free Private Selection Cinnamon Roll on October 4th!

0
edit post
Belgium’s IZIX and Utrecht’s Toogethr merge to create a European smart parking powerhouse

Belgium’s IZIX and Utrecht’s Toogethr merge to create a European smart parking powerhouse

0
edit post
Messaging Cycle Helps Keep B2B Marketers Agile

Messaging Cycle Helps Keep B2B Marketers Agile

0
edit post
Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

October 5, 2025
edit post
Firefly Aerospace strengthens portfolio with 5 million deal for national security tech firm SciTec

Firefly Aerospace strengthens portfolio with $855 million deal for national security tech firm SciTec

October 5, 2025
edit post
Larry Summers praises Ford CEO Jim Farley’s concept of the essential economy because it doesn’t ‘fetishize manufacturing’

Larry Summers praises Ford CEO Jim Farley’s concept of the essential economy because it doesn’t ‘fetishize manufacturing’

October 5, 2025
edit post
When Privacy Becomes a Caregiver Issue: What Boomers Need to Know Now

When Privacy Becomes a Caregiver Issue: What Boomers Need to Know Now

October 5, 2025
edit post
Surprising Ways Grandparents Can Help Their Adult Children Without Enabling Debt

Surprising Ways Grandparents Can Help Their Adult Children Without Enabling Debt

October 5, 2025
edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

October 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets
  • Firefly Aerospace strengthens portfolio with $855 million deal for national security tech firm SciTec
  • Larry Summers praises Ford CEO Jim Farley’s concept of the essential economy because it doesn’t ‘fetishize manufacturing’
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.