Indian Oil Eyes Stakes In Gas Carriers To Cut U.S. LPG Freight Costs

Indian Oil Corp. is seeking 50% ownership stakes in very large gas carriers, a first for an Indian refiner, as the company prepares to transport higher volumes of U.S. liquefied petroleum gas under India’s plan to source up to one-quarter of its LPG imports from the United States in 2027 and reduce its exposure to charter-market freight rates, the Business Standard reported on Wednesday. Indian Oil is accepting bids for ships with carrying capacity between 80,000 and 93,500 cubic meters. Eligibl

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