Energy Firms Look To Expand LPG Business

Energy Firms Look To Expand LPG Business

Thanks to increased demand, liquefied petroleum gas (LPG) or cooking gas has become the favourite of all energy companies in India, including international players.

Total India, Saudi Aramco, Reliance Industries Ltd (RIL) and state-run firms Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are all bullish on LPG and have firmed up plans to increase market share and participation in the segment.

In the next three years, the LPG segment—bottling plant, import terminals and pipelines—will see investments of over Rs30,000 crore from state-run refiners.

Alongside, France’s Total SA is reviving a plan to build its second underground LPG storage facility in Mangaluru with HPCL which could be set up at a cost of Rs1,000 crore.  Read More…

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