India's GAIL expects to source 20 to 25% of LNG on short-term or spot basis

The rest will be via long-term contracts, Kumar told the Gastech industry conference in Singapore, adding that the company would tap spot markets to meet seasonal demand or volatility.

Reuters

September 07, 2023 / 10:21 IST

India's GAIL expects to source 20 to 25% of LNG on short-term or spot basis

India's top distributor of natural gas, GAIL (India) Ltd, expects to secure about 20% to 25% of its supply of liquefied natural gas (LNG) on a short-term or spot market basis, its marketing director, Sanjay Kumar, said on Thursday.

The rest will be via long-term contracts, Kumar told the Gastech industry conference in Singapore, adding that the company would tap spot markets to meet seasonal demand or volatility.

Reuters

first published: Sep 7, 2023 10:21 am

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