Gail India Ltd expects US energy goals to enhance LNG imports
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Gail India Ltd sees potential for increased LNG imports driven by US energy production goals, though high costs hinder recovery of import levels post 2020.
Gail India Ltd., one of the country's prominent liquefied natural gas buyers, anticipates that US President Donald Trump's aspiration to escalate energy production will render fuel imports more practical in price-sensitive India.
The Chairman, Sandeep Kumar Gupta, stated in an interview that cost poses the primary challenge to increasing LNG shipments into the country. He emphasized that Indian imports of the fuel reached their peak in 2020 and have faced difficulties in recovering due to surged prices after Russia's invasion of Ukraine in 2022.
