India signed multiple strategic agreements at the India Energy Week 2025, reinforcing its commitment to securing affordable, sustainable, and diversified energy supplies while fostering global collaborations. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, emphasized that these partnerships would support India’s energy transition goals and strengthen its energy ecosystem.
As part of efforts to diversify crude oil imports, BPCL signed an optional term contract with Petrobras, Brazil, to import up to six million barrels of crude.
To advance India’s shift to a natural gas-based economy, IOCL and ADNOC (UAE) signed a $7 billion contract to source 1.2 MMTPA LNG for 14 years starting in 2026. BPCL and ADNOC also entered a five-year LNG off-take agreement for 2.4 MMT, with an option to extend for another five years.
Expanding its role as a regional energy supplier, IOCL signed its first LNG export agreement with Nepal’s Yogya Holdings to deliver 1,000 metric tons annually via cryogenic trucks through Odisha’s Dhamra Terminal.
On the technical front, ONGC appointed BP as the Technical Services Provider for the Mumbai High field, India’s largest offshore oilfield. BP will review field performance, introduce technological improvements, and work to stabilize and enhance production. Additionally, EIL signed an MoU with BP Business Solutions India Pvt. Ltd. to collaborate on refining, pipeline operations, and emission reduction technologies.
In offshore exploration, ONGC Videsh Ltd. and Petrobras signed an MoU to jointly participate in upstream oil and gas projects in Brazil, India, and other countries, exploring opportunities in trading, low-carbon solutions, and digitalization. Oil India Limited and Petrobras also signed an MoU for hydrocarbon exploration in India’s deep and ultra-deep offshore basins under the Hydrocarbon Exploration and Licensing Policy.
Advancing clean energy initiatives, BPCL partnered with Eco Wave Power, Israel, to launch India’s first wave energy pilot project in Mumbai. In the biofuel sector, BPCL signed an MoU with the National Sugar Institute, Kanpur, to scale up sweet sorghum-based bioethanol production and provide training for farmers and industry stakeholders.
Additionally, BPCL signed an agreement with Equinor India Pvt. Ltd. for the purchase of LPG (propane and butane), further enhancing India’s energy security and supply diversification.
—IANS
