RoydadNaft –  BP plc’s BP Singapore-based subsidiary, BP Singapore, has inked a long-term sales and purchase agreement with India’s Torrent Power to supply up to 0.41 million metric tons per annum (mtpa) of liquefied natural gas (LNG) from 2027 through 2036. The deal is aimed at powering Torrent’s 2,730 MW combined cycle gas-based plants and supporting its expanding city gas distribution operations.

BP-Torrent Pact Supports India’s Natural Gas Push

The agreement aligns with India’s broader energy strategy to raise the share of natural gas in its energy mix to 15% (by the end of this decade) from the current level of around 6%. The gas-based plants, critical in addressing peak demand and integrating variable renewable energy, will be instrumental in balancing India’s evolving grid.

The LNG will not only support Torrent’s generation capacity but also fuel the growth of Torrent Gas’ distribution network, which is being ramped up in response to increasing demand for cleaner fuel alternatives.

Torrent Power Eyes Broader LNG Portfolio

While the current SPA marks a major step, Torrent is not stopping there. The company is actively evaluating additional medium and long-term LNG sourcing options to support the rapid expansion of both its generation and distribution infrastructure.

Torrent Power, part of the Torrent Group, currently boasts an installed capacity of 4,838 MWp, with 2,730 MW gas-based, 1,746 MWp renewables and 362 MW coal-fired assets. It also has an aggressive pipeline of projects under development, including 3,154 MWp of renewables and 3,000 MW of pumped storage capacity.

BP Builds Momentum Globally

The latest India deal adds to BP’s recent momentum across global energy markets. The firm recently greenlit major investment projects in Azerbaijan, including the development of the next phase of a giant gas field in the Caspian Sea, touted as its largest gas find to date.

This multi-year LNG offtake agreement with Torrent Power highlights BP’s continued focus on securing long-term commercial partnerships in key growth markets while supporting global energy transition goals.