Indian Oil plans to raise spot LNG buys due to lower prices
IOCL is expanding its natural gas business
 "Indian Oil plans to raise spot LNG buys due to lower prices")
State-run Indian Oil Corp plans to buy at least one spot LNG cargo a month in 2015-16 to take advantage of lower short-term prices, senior company executive Debasis Sen told Reuters on Monday.
India's largest refiner is expanding its natural gas business as the country, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil.