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...