New Delhi: Bharat Petroleum Corporation Limited (BPCL) has signed and exchanged a Master Sale and Purchase Agreement (MSPA) with Eni S.p.A. at Gastech 2026 in Bangkok, strengthening cooperation between the two companies in LNG sourcing, supply and trading.
The agreement provides a framework for BPCL and Eni to explore future LNG opportunities and deepen their engagement in the evolving global LNG market.
BPCL-Eni LNG Agreement: Key Highlights
The MSPA will provide a platform for both companies to explore potential opportunities in the international LNG market.
- Companies: BPCL and Eni S.p.A.
- Agreement: Master Sale and Purchase Agreement (MSPA)
- Venue: Gastech 2026, Bangkok
- Focus: LNG sourcing, supply and trading
- Objective: Greater sourcing flexibility and energy security
- Strategic focus: Building a more flexible and resilient LNG supply ecosystem
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Senior BPCL and Eni Officials Attend Signing
The agreement was signed and exchanged by senior representatives from BPCL and Eni in the presence of Vikas Singh, Director (GP-I & Vig.), Ministry of Petroleum & Natural Gas.
The BPCL team comprised:
- Subhankar Sen, Director (Marketing)
- Rahul Tandon, Business Head (Gas)
- Rakesh Sinha, Head LNG Sourcing, Logistics & Sales (GAS)
The Eni team included:
- Cristian Signoretto, Global Gas & LNG Portfolio Director
- Ilaria Azzimonti, Head of LNG Portfolio
- Rahul Modi, Head of LNG Origination
- Uday Kiran, LNG Manager, LNG Origination
What the BPCL-Eni Deal Means
Under the MSPA, BPCL and Eni will explore opportunities in LNG supply and trading. The framework is expected to help BPCL diversify its LNG sourcing portfolio and access greater flexibility in sourcing from the global market.
The collaboration supports BPCL’s efforts to:
- Diversify its LNG sourcing portfolio.
- Enhance supply flexibility.
- Explore global LNG supply and trading opportunities.
- Strengthen energy security for India.
- Build a more resilient LNG supply ecosystem.
The agreement also highlights the importance of international partnerships in supporting India’s growing gas economy.
BPCL Focuses on a Resilient LNG Supply Ecosystem
The partnership with Eni forms part of BPCL’s efforts to strengthen its presence in the evolving global LNG market.
By exploring additional LNG sourcing and trading opportunities, BPCL aims to create a more flexible supply portfolio. This can support the company’s broader efforts to contribute to India’s energy security and meet the country’s growing requirements for natural gas.
The agreement also reinforces the role of global LNG partnerships in developing a more resilient energy supply chain for India.
About BPCL
Bharat Petroleum Corporation Limited (BPCL) is a Maharatna public sector undertaking under the Ministry of Petroleum and Natural Gas, Government of India. The company operates across the oil and gas value chain, including refining, fuel marketing, natural gas and other energy-related businesses.
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