Gail of India is looking to East Africa for liquefied natural gas in order to diversify its supply source, the Press Trust of India reported citing the company’s Marketing Director Prabhat Singh as saying.
“ We are trying to spread our portfolio of LNG supplies geographically and indices wise (and) we are looking at the East African suppliers ,” he said at the LNG Supplies for Asian Markets 2014 conference.
“ At this point in time, a price of US $ 12 per mmbtu would be good for India ,” said Singh, who told the conference that LNG price was a major issue for the Indian market.
[mappress] LNG World News Staff, February 26, 2014; Image: Petronet