Indian Oil Corporation (IOC), the nation's largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract.

The deal formalises a previous Heads of Agreement between the two companies and strengthens the long-standing energy partnership between the UAE and India.

By Nidhi Verma NEW DELHI (Reuters) -Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects,

Indian Oil Corporation is negotiating a long-term LNG supply agreement with U.S. exporter Cheniere Energy, signaling a new wave of energy deals between India and the U.S.

Meanwhile, the IOCL is progressing with key refinery expansion projects. the company anticipates commencing operations at its expended Panipat refinery, with a capacity of 500,000 barrels per day (BPD),

India's top importers of liquefied natural gas are holding talks to buy more fuel from U.S. suppliers, ahead of Prime Minister Modi’s expected meeting with President Trump this week, Bloomberg reported Monday.

Indian Oil Corp is in talks with U.S. firm Cheniere Energy for a 15-year liquefied natural gas deal, with volumes between 1.5 million to 2 million metric tons per year, said a company source on Tuesday on the sidelines of the India Energy Week conference.