India’s Hindustan Petroleum Corp Ltd is scouting for liquefied natural gas (LNG) import deals as it expects to start its 5 million ton per year (tpy) LNG terminal in western India by the end of this year, its head of finance said. The state-run refiner has raised the processing of Russian oil to about 35-40% of its overall crude intake in the June quarter from about a quarter a year ago.
HPCL also operates a 190,000 bpd plant in western Maharashtra state. It has a stake in the 226,000 bpd Bathinda refinery in northern India, which is operated by Hindustan-Mittal Energy Ltd, part-owned by LN Mittal.
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