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India Refiner Tries Again to Cut Dependence on Middle East LPG

  • Bharat Petroleum seeking global bids for supplies next year
  • Nation relies heavily on Middle East for most fuel imports
Operations At Nhava Sheva Port As Trump Yanks India's Status as a Developing Nation
Photographer: Dhiraj Singh/Bloomberg

An Indian buyer of liquefied petroleum gas is once again attempting to ease its dependence on Middle East shipments after some supply shocks last year stemming from drone attacks and even a trade war.

Bharat Petroleum Corp. is seeking bids from global suppliers for a fifth of its typical LPG needs in 2021, according to a tender seen by Bloomberg. Bidding is still open to Middle East producers, which already provide BPCL with the majority of its contracted needs. India’s second-biggest fuel retailer made an attempt to broaden its sources of supply earlier this year but the tender wasn’t awarded due to a lack of attractive offers, said traders.