India’s state-owned gas transportation utility GAIL will import 1.5 million mt of LNG via term contracts and buy 30-35 spot cargoes, totaling nearly 2 million mt, for fiscal 2014-2015 (April-March), stable from the previous fiscal year, Prabhat Singh, GAIL’s marketing director said Wednesday. GAIL is keeping its term and spot...

India has decided to put in place a road map to encourage the domestic ship building industry to build LNG (liquefied natural gas) carriers to cater to the massive inflow of LNG expected to hit Indian shores from 2017 onwards from countries such as the U.S. and Australia. “I have...

Nearly 75 per cent of oil is imported putting a severe strain to current account deficit (CAD). Domestic production and supplies from transnational pipelines will not be able to keep pace with the demand for natural gas in India and liquefied petroleum gas (LNG) represents the only opportunity to bridge...

Taking a cue from China on ensuring energy security by keeping oil and gas sector out of any future diplomatic standoffs, India has initiated steps to ensure that state-run GAIL’s move to import liquefied natural gas (LNG) from the US should be on carriers with substantial Indian ownership. Already countries...