India explores strategic LNG stockpile to avert future shortages

India explores strategic LNG stockpile to avert future shortages.

Although no storage objectives have yet been negotiated, Petronet is constructing extra tanks at its LNG import terminals to hold the imported fuel.

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Long-Term Deals Last year’s shortfall is also encouraging Indian buyers to search for long-term supply arrangements.

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Costs would need to decrease to roughly $6 to $7 per million British thermal units to boost purchases.

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