LNG

LNG importer India said plans were advancing for more exploration and production of domestic energy resources as the nation was preparing to launch a 10th bidding round for oil and gas blocks in August or September.

Reliance Industries, the Indian company with growing natural gas output offshore eastern India in competition to LNG, has succeeded with the first ever jumbo US dollar Notes issuance from India for $4 billion, which was almost three-times over-subscribed, and showed the money-raising power of overseas oil and gas.