Torrent Signs LNG Deal With BP Singapore

03 Jun 2025 CW Team

Torrent Power Ltd (TPL) has entered into a long-term Sales and Purchase Agreement with BP Singapore Pte. Ltd., a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) from 2027 to 2036.

The LNG secured under this agreement will be used strategically by TPL to power its 2,730 MW combined cycle gas-based power plants (GBPPs) across India. These plants play a critical role in addressing peak electricity demand, supporting renewable integration, and maintaining grid stability.

Additionally, the LNG will cater to the rising requirements of Torrent Gas Ltd. (TGL), the City Gas Distribution (CGD) arm of the Torrent Group. The supply will help ensure consistent availability of natural gas for residential, commercial, industrial users, and compressed natural gas (CNG) vehicles.

The agreement underscores Torrent’s commitment to clean energy and supports the Government of India’s goal of increasing natural gas's share in the national energy mix to approximately 15 per cent by 2030. It also aligns with the broader agenda of enhancing India’s energy security through diversified, reliable fuel sourcing.

TPL and TGL also plan to explore additional medium- and long-term LNG procurement opportunities in response to increasing demand across their power and CGD operations. The strategy aims to strengthen supply reliability while leveraging favourable LNG market conditions to optimise procurement costs.

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