💨 Abstract

India's Hindustan Petroleum Corp (HPCL) has signed an initial agreement with utility company NTPC Ltd to source gas and collaborate on liquefied natural gas (LNG) sourcing, as India's gas-based power generation rises during summers. HPCL owns a 5 million tons per year LNG import terminal, and NTPC will either book capacities at the terminal or hire LNG tankers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖