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flag IOC signs $1.4B LNG import deal with Trafigura, aiming to boost India's energy supply.

flag Indian Oil Corporation (IOC) has signed a $1.4 billion five-year deal with Trafigura to import 2.5 million tonnes of liquefied natural gas (LNG), starting this year. flag The price will be based on U.S. Henry Hub benchmarks. flag India, the world's fourth-largest LNG importer, is looking to boost its energy supply for its growing economy. flag Additionally, IOC plans to triple its sales and invest in 4.3 gigawatts of renewable energy capacity through its subsidiary, Terra Clean.

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