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Market Chatter: India's Hindustan Petroleum Seeks Spot, Long-Term Supplies of LNG

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Hindustan Petroleum Corp is seeking offers from LNG suppliers on both a spot and long-term basis, Reuters reported on Monday.

HPCL has an 5-million-metric-ton-per-year LNG and regasification facility at Chhara in the west of India. It has an existing 10-year LNG import deal with Abu Dhabi National Oil for a volume of 500,000 tons annually through 2028.

The company is seeking to import volumes of up to 1 million tons per year of LNG for a period spanning 10-15 years, Reuters said, citing sources with knowledge of the matter.

HPCL did not immediately respond to Reuters' request for comment.has emailed HPCL seeking comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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