India’s Bharat Petroleum Corporation Ltd. has moved to buy a November-delivery liquefied natural gas cargo at a Japan Korea Marker linked price in what a trade source described as a rare procurement step.

Sources indicated the tender on 24 September 2026, citing a person familiar with the matter who said the request was issued on 23 September. The report said the tender was for a spot cargo priced to the JKM formula.

The company sought a shipment of between 3.1 and 3.8 TBtu of LNG, with an operational tolerance of 10 per cent, the source told reports. The cargo was specified for delivery to Dahej and aimed at November loading.

Tender timing and reporting

The tender was described in the reports item as an unusual move for the refiner. The report dated 24 September 2026 attributed the details to a source familiar with the matter who spoke on 23 September.

The article identified the delivery windows for the sought cargo as 21 November and 23 to 24 November. No further delivery dates were supplied in the verified notes made available for this report.

Contract specifics

According to the published summary, the tender parameters were limited to the volume range and the 10 per cent operational tolerance, and linked the price offer to the JKM marker. The notice did not include additional commercial terms in the verified notes that underpin this account.

The procurement was framed in the original item as a spot tender for a November shipment and was labelled by the source as a rare step for Bharat Petroleum Corporation Ltd. The reports reporting is the basis for those descriptions in this account.

The information verified for this article is confined to the details carried in The report and the accompanying summary from the source cited there. The company name, the tender dates, the reported volume band with tolerance, the JKM linkage and the delivery location to Dahej are the elements on which this report relies.

A brief factual recap:

  • Buyer: Bharat Petroleum Corporation Ltd. (reported).
  • Price basis: linked to the Japan Korea Marker, as reported.
  • Quantity: 3.1–3.8 TBtu with 10 per cent operational tolerance.
  • Delivery: to Dahej with windows on 21 November and 23–24 November.

All other descriptions in this article follow from the reports item dated 24 September 2026 and the source quoted therein. No additional contractual details, company statements or market responses were included in the verified notes provided for this piece.