GAIL to buy LNG from Qatar to meet rising energy demand

State gas utility GAIL India has signed contracts to buy two cargoes of LNG from RasGas of Qatar to meet rising energy demand this winter season.

Sources in know of the development said GAIL has contracted at least two cargoes from Qatar for January delivery.

This year the winter has been severe across the country, resulting in added power loads.

Gas-based power plants are not only running to full capacity but even beyond, to meet the growing demand. As a consequence, requirement of natural gas has seen a sudden upsurge in the country.

Given the huge appetite for natural gas in the industry and GAIL's infrastructure, the company is poised to meet the huge requirement of gas, the sources said.

Qatar is world’s largest LNG supplier and India is the largest importer of LNG in the world from Qatar.