March 14, 2019 08:37 AM IST | Energy
Gail CEO calls for more flexibility in US LNG contracts
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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more