Indian Oil Corp is in talks with U.S. firm Cheniere Energy for a 15-year liquefied natural gas deal, with volumes between 1.5 million to 2 million metric tons per year, said a company source on Tuesday on the sidelines of the India Energy Week conference.

Meanwhile, the IOCL is progressing with key refinery expansion projects. the company anticipates commencing operations at its expended Panipat refinery, with a capacity of 500,000 barrels per day (BPD),

According to industry watchers, apart from securing more LNG for India’s growing natural gas consumption, higher energy imports from the US could signal a reduction in New Delhi’s trade surplus with Washington amid Donald Trump’s hard talk and tariff threats.

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five year deal, sources with knowledge of the matter said on Monday.

India's top importers of liquefied natural gas are holding talks to buy more fuel from U.S. suppliers, ahead of Prime Minister Modi’s expected meeting with President Trump this week, Bloomberg reported Monday.

Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects, Oil Secretary Pankaj Jain said on Monday.