Project Awardmedium confidence
Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027; sources say - Reuters
Reuters · August 20, 2026 · Week 2026-34
Summary
Algeria's state-owned Sonatrach is reportedly close to finalizing a long-term LPG supply agreement with Indian Oil Corp, set to begin in 2027. This move indicates Sonatrach's strategy to secure future offtake agreements with major Asian energy consumers, diversifying its market reach beyond Europe.
Strategic Implication
Secures a long-term offtake partner for Algerian LPG in the growing Indian market, reducing reliance on traditional European buyers.