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

7/09/2023 10:05:47 AM | Source: Reuters

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

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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.

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

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