Bharat Petroleum Corporation Limited — Updates, 14-02-2025: Press Release

Bharat Petroleum Corporation Limited (BPCL) has finalized a significant LNG sourcing agreement with ADNOC Trading, linked to the Henry Hub Index. This medium to long-term contract is aimed at enhancing energy security and competitive gas supplies for India’s growing energy needs, with deliveries expected to commence in 2025. The deal reinforces BPCL’s commitment to diversifying its LNG portfolio and strengthens the strategic energy partnership with the UAE.

Additionally, BPCL has signed a strategic term contract with TotalEnergies Trading Asia for Middle Eastern crude supply, effective from April 2025 to March 2026. This agreement underscores BPCL's strategy to diversify crude sources, ensuring a steady and competitive supply for its refineries, and also sets the stage for further collaboration in the global energy market. Both agreements highlight BPCL's proactive approach in navigating the evolving energy landscape, offering a positive outlook for the company’s future operations and partnerships.