LNG

Gas Authority of India (GAIL), the nation’s main natural gas pipeline operator and a leading LNG importer with US volumes from Cove Point in Maryland and also contracted from Russia’s Gazprom, reported record results and aimed to tie-up more gas supplies under contract to cover growing demand.

The Indian government will consider a proposal this month to spin off the natural gas pipeline business owned by state-run Gas Authority of India to give more momentum to the expansion of a city-gas network and connections to existing and planned LNG import terminals.