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India, Japan to work together to make LNG import deals more affordable

The world's biggest LNG buyers, all in Asia, are increasingly clubbing together to secure more flexible supply contracts

Reuters  |  NEW DELHI 

India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers, it said on Wednesday, as these two big importers try to secure better prices and concessions from suppliers. The arrangement will help state-run GAIL India Ltd swap a part of its 5.8 million tonnes of LNG booked with firms from the United States with that of Japan's contracted volumes in Asia and elsewhere, Sunjay Sudhir, joint secretary for international cooperation in India's federal oil ministry, told Reuters. The world's biggest ...

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First Published: Thu, October 12 2017. 09:40 IST