The latest version of a Bill in the US legislature for expedited approval on export of natural gas to World Trade Organization members could help India. Over the past year, surplus production of LNG (liquefied natural gas) in the US has given impetus to the prospect of its exports to countries as India, Ukraine and Japan.
The surplus is largely due to rapid advances in the technology and extraction of shale gas and oil over recent years. However the process of exporting LNG is complicated by the US law that does not allow doing so to countries with which it does not have a Free Trade Agreement, unless there are special exceptions. This leaves out India and Ukraine, a country the US would like to see as less dependent on Russian gas.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.