NTPC eager to end LNG supply deal

Monday, 08 August 2016

India’s biggest power producer, the state-run NTPC, is seeking to terminate a long-term LNG import contract as it perceives the fuel as “too expensive to be used in power generation. NTPC has notified GAIL India, which supplies gas through its affiliate Petronet LNG, stressing its inability to further execute the gas offtake contract as it cannot sell the electricity it generates from this fuel.


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Last modified on Monday, 08 August 2016 09:44
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