Bharat Petroleum will invest ₹25,000 crore towards City Gas Distribution in next five years

Speaking to reporters at the sidelines of the India Energy Week in Goa, Mr. Tandon said, “We have already spent about ₹8,000 crores in all our 26 geographical areas.” He stated, “We are very confident that [in line with] Prime Minister Narendra Modi’s vision of Viksit Bharat, we will be able to accelerate the entire activity [expansion of the network] much faster than any other CGD entity in the country.”

LNG sourcing

Mr. Tandon also informed that the state-owned refiner has received bids from more than ten international players for a long-term liquefied natural gas (LNG) supply contract. About the contract, he stated that between April 2026 and 2035, the refiner would be sourcing four cargoes every year for the initial three years and eight cargoes annually for the remainder seven years.

This would be to meet the requirements for “CGD entities, customers and own internal consumption”.

Further, he enumerated that, at present, Bharat Petroleum has long-term supply contracts with Gorgon Gas (Australia) and Ras Gas (Qatar) with some volumes tied up with Abu Dhabi National Oil Company (ADNOC).