Rising US LNG supply to make natural gas affordable for India

NEW DELHI: Rising US LNG supply and the efficiency of its producers and transporters will make natural gas affordable for India, the chief of US energy regulator has said.

“Law of supply and demand, more US gas contributing to the global supply, I’m optimistic will bring down the cost of gas globally. The efficiency of the US industry when it comes to production, transportation, I’m hopeful that the cost of gas will come down to where it will be affordable for India,” said Neil Chatterjee, Chairman of the Federal Energy Regulatory Commission, who is on a visit to India, meeting his counterparts and other energy officials.