IOC seeks stakes in LPG carriers ahead of higher US imports from 2027
Indian Oil Corporation is bidding for 50% stakes in very large gas carriers to secure freight capacity for rising US LPG imports. The move aims to reduce shipping-cost exposure and diversify cooking-gas sourcing beyond Gulf suppliers, with US volumes potentially rising sharply from a current 2.2 million tonnes annually.
IOC plans to acquire 50% stakes in VLGCs to support higher US LPG imports from 2027. The move would reduce freight exposure and diversify cooking-gas sourcing beyond Gulf suppliers, with contracted US imports potentially doubling from about 2.2 million tonnes annually.
Why this matters
The carrier-stake bid reinforces recent IOC signals on seeking 50% stakes in VLGCs and scouting LPG carriers before higher US LPG imports begin from 2027.
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