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Gail sells US LNG cargo to Europe amid high stocks in India

Updated : March 27, 2019 07:38 PM IST

The sale of a cargo already on the water is the latest example of an oversupplied LNG market that has resulted in Asian spot LNG prices falling to an almost three-year low of around $4.30 per million British thermal units (mmBtu) this week.
It also signals that India's LNG demand, considered substantial compared to northeast Asia, is weaker than expected.
Gail sells US LNG cargo to Europe amid high stocks in India

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