India plans to increase its purchases of U.S. oil and LNG to reduce its trade surplus with the United States and potentially avoid the imposition of tariffs.

Indian Oil Corp is in talks with U.S. firm Cheniere Energy for a 15-year liquefied natural gas deal, with volumes between 1.5 million to 2 million metric tons per year, said a company source on Tuesday on the sidelines of the India Energy Week conference.

India agreed to boost oil and gas imports from the U.S. in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.

ADNOC Gas has signed a 14-year agreement to supply up to 1.2 million tonnes per annum of LNG to Indian Oil, valued at between $7 billion and $9 billion.

Indian Oil Corporation (IOC) has finalized a USD 7-9 billion agreement with ADNOC Gas for importing LNG from the UAE. This 14-year contract highlights growing energy collaborations between India and UAE,

India's top importers of liquefied natural gas are holding talks to buy more fuel from U.S. suppliers, ahead of Prime Minister Modi’s expected meeting with President Trump this week, Bloomberg reported Monday.

By Nidhi Verma NEW DELHI (Reuters) -Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects,