Gail India called on U.S. liquefied natural gas (LNG) producers to offer more fl...
HOUSTON - Gail India called on U.S. liquefied natural gas producers to offer more flexibility contract terms as the state-owned gas distribution gas company hunts for supplies from the middle of the next decade.
India last year was the fifth largest importer of U.S. LNG and natural gas is projected to double its share of the nation’s energy mix by 2030 as oil-fired power plants convert. “Traditional suppliers like Qatar or Russia have shown a lot of flexibility in recent past where they have modified their contracts, re-negotiated their contracts, aligned them to the market,” Tripathi said in a brief interview.
The company has 20-year LNG contracts to buy 5.8 million tonnes per year of U.S. LNG, split between Dominion Energy Inc’s Cove Point plant and Cheniere Energy Inc’s Sabine Pass facility in Louisiana.
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