LNG

Gaztransport and Technigaz (GTT), the French LNG storage technology company, reported a slight drop in full-year revenues though the results were strong as orders also reached a record level with demand increasing for new vessels.

The Indian Minister of Petroleum and Natural Gas, Dharmendra Pradhan, said the government was committed to promoting a natural gas-based economy and that infrastructure investment requirements amounted to around $100 billion for pipelines, city-gas connections, LNG terminals and gas fuel projects.