India’s Top Gas Firm Looks to Secure Long-Term U.S. LNG Supply

India’s Top Gas Firm Looks to Secure Long-Term U.S. LNG Supply | OilPrice.com

`;
document.write(write_html);
}

Breaking News:

ByTsvetana Paraskova– Feb 10, 2025, 7:30 AM CST
LNG

image

GAIL India, the biggest natural gas distributor in the country, is reviving plans to procure U.S. LNG supply in the long term by either buying a stake in an American export project or signing a long-term offtake agreement, a top company official told Reuters on Monday.

“Their (Washington’s) decision to lift the ban will improve LNG supply and we will revive our plans to either buy a stake or buy U.S. LNG under long-term deals,” GAIL India’s chairman Sandeep Kumar Gupta told Reuters.

‘;
document.write(write_html);
}

The Indian firm will decide which path to take after a tendering process for long-term LNG supply, the executive added.

As part of a wide-ranging package to “unleash American energy”, the Trump Administration last month ended the pause on LNG permitting enacted a year ago by the Biden administration.

Back in 2023, GAIL India was looking to acquire a stake in either an existing LNG export facility or one that was still in the planning stage. But the Indian firm’s plans were upended when the Biden administration halted new LNG project approvals in January 2024.

U.S. LNG supply is expected to grow in the coming years, thanks to new projects, which were fully permitted and were already under construction before the Biden pause.

The lifting of the pause is now expected to further boost America’s LNG supply.

India, for its part, is set to see a surge in natural gas demand due to population and GDP growth, as well as a shift towards cleaner energy.

India’s gas consumption is set to nearly double to 113.7 billion cubic meters (Bcm) by 2040 from 65 billion cubic meters (Bcm) in 2023, according to Rystad Energy research from October 2024.

India’s natural gas demand is set to triple by 2050 amid industry expansion and rising oil refining, the U.S. Energy Information Administration (EIA) said last year.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com

Join the discussion | Back to homepage

`;
document.write(write_html);
}



GOOGLE+
LINKEDIN
REDDIT
PRINT

`;
document.write(write_html);
}

EXXON Mobil
-0.35

Open57.81
Trading Vol.6.96M
Previous Vol.241.7B

BUY 57.15

Sell 57.00

 

  • Related Posts

    U.S. Prioritizes Small Nuclear Reactors Across Southeast Asia

    The U.S. has identified cooperation on small modular nuclear reactors (SMRs) as a key priority in its engagement with Southeast Asia as regional electricity demand continues to climb. Speaking after…

    Global LNG Giants Target Cambodia as New Energy Market

    Some of the world’s biggest heavyweights in liquefied natural gas exports are interested in adding Cambodia to their client list as the Southeast Asian nation build sits first LNG-fueled power…

    Have You Seen?

    Most Gulf Coast Refineries Unaffected by Tropical Storm Bertha

    • July 25, 2026
    Most Gulf Coast Refineries Unaffected by Tropical Storm Bertha

    CG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 Crore

    • July 25, 2026
    CG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 Crore

    US Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker Hughes

    • July 25, 2026
    US Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker Hughes

    Oil Falls on Report China Pushing for End US-Iran War

    • July 25, 2026
    Oil Falls on Report China Pushing for End US-Iran War

    PERSPECTIVE: Wind and Solar Have an Important Role – But They Are Energy “Diversification”, Not Energy “Transition”

    • July 25, 2026
    PERSPECTIVE: Wind and Solar Have an Important Role – But They Are Energy “Diversification”, Not Energy “Transition”

    Devon Energy Mulls $4 Billion Sale of Eagle Ford, Powder River Assets, Bloomberg News Reports

    • July 25, 2026
    Devon Energy Mulls $4 Billion Sale of Eagle Ford, Powder River Assets, Bloomberg News Reports

    LONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar Challenge

    • July 25, 2026
    LONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar Challenge

    Adani Power Reports Record Q1 FY27 EBITDA as Revenue Rises 28%, Advances 45 GW Capacity Expansion

    • July 25, 2026
    Adani Power Reports Record Q1 FY27 EBITDA as Revenue Rises 28%, Advances 45 GW Capacity Expansion

    Actis Secures IFC, Proparco Investment for Ulug Enerji Grid Upgrades

    • July 25, 2026
    Actis Secures IFC, Proparco Investment for Ulug Enerji Grid Upgrades

    Global LNG Giants Target Cambodia as New Energy Market

    • July 24, 2026
    Global LNG Giants Target Cambodia as New Energy Market