Torrent Power Signs Long-Term LNG Supply Deal With BP Singapore

Torrent Power Ltd. on Monday said it has entered into a long-term agreement with BP Singapore Pte. Ltd. to source up to 410,000 tonnes of liquefied natural gas annually from 2027 to 2036.

The company will use the LNG to fuel its 2.73 GW gas-based power plants in India amid rising electricity demand, it said in an exchange filing.

Torrent Power will also supply LNG to meet the requirements of its subsidiary, Torrent Gas Ltd. Both entities plan to explore further medium- and long-term LNG sourcing options to support growing needs across their power and gas distribution operations.