Record-high LNG prices will hurt sector in the long run: GAIL Chairman Manoj Jain

Record-high liquefied natural gas (LNG) prices will hurt the sector in the long run, slow industries’ switch to natural gas, and delay India’s plan of launching LNG-powered trucks, GAIL NSE 2.30 % chairman Manoj Jain has said.

While higher prices are expanding the country’s largest natural gas marketer’s margins, they are a “setback” to consumers, Jain told ET in an interview.