Gail CEO calls for more flexibility in US LNG contracts
Updated : March 14, 2019 08:37 AM IST
India last year was the fifth largest importer of US LNG and natural gas is projected to double its share of the nation's energy mix by 2030 as oil-fired power plants convert.
Shri BC Tripathi, chairman and managing director of Gail India, said on Wednesday at the CERAWeek energy conference his company is in discussions with US gas exporters to acquire new LNG supplies from 2024-2025.
The company has 20-year LNG contracts to buy 5.8 million tonnes per year of US LNG, split between Dominion Energy Inc's Cove Point plant and Cheniere Energy Inc's Sabine Pass facility in Louisiana.
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