Moneycontrol
Last Updated : Mar 24, 2017 04:18 PM IST | Source: Reuters

India could join Asian nations in procuring LNG: Oil Minister Dharmendra Pradhan

The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday.

Pradhan said the market was gradually becoming more consumer-centric.

The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.
First Published on Mar 24, 2017 04:12 pm
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