India set for LNG deal-making rush in win for PM Modi’s gas push

Indian liquefied natural gas (LNG) buyers are seeking long-term supply deals to prevent exposure to volatile spot markets and protect themselves from future price surges. Companies including Petronet LNG, GAIL India, and Indian Oil Corp are in negotiations with suppliers in the US, Qatar and the UAE to secure 20-year agreements.

May 17, 2023 - 12:30
India set for LNG deal-making rush in win for PM Modi’s gas push
Indian liquefied natural gas (LNG) buyers are seeking long-term supply deals to prevent exposure to volatile spot markets and protect themselves from future price surges. Companies including Petronet LNG, GAIL India, and Indian Oil Corp are in negotiations with suppliers in the US, Qatar and the UAE to secure 20-year agreements.