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Market Chatter: Indian Oil Finalizes LPG Supply Accord with Algeria's Sonatrach

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State-run Indian Oil has finalized an agreement with Algeria's Sonatrach to import liquefied petroleum gas monthly through 2027, Reuters reported Thursday citing sources.

Under the terms of the pending arrangement, IOC will lift one very large gas carrier containing between 45,000 and 55,000 metric tons of a propane and butane mix on a monthly basis, the report noted.

Both the companies involved did not respond immediately to MT Newswire's requests for comments.

(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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