GAIL expects to end sales of its US-sourced LNG locally from 2023
NEW DELHI (Reuters) – Gas firm GAIL (India) Ltd expects to end overseas sales of the liquefied natural gas (LNG) it secures from the United States from 2023, as local demand rises with the commissioning of new fertiliser plants, a company official said.
GAIL buys 5.8 million tonnes per annum (mtpa) of LNG from the U.S.-based projects. It has signed time and destination swap deals for some of these volumes to cut the landed cost for Indian customers and trade the remainder in overseas markets.
