LNG

India’s Reliance Industries, the group with growing natural gas and oil and chemicals businesses, reported increased fiscal third-quarter earnings amid moves to boost the nation’s natural gas to offset LNG imports as prices start to decline.

Reliance Industries, the Indian conglomerate and a leading energy company supplying rising domestic gas volumes to supplement LNG imports, reported an increase in fiscal fourth-quarter earnings across its energy division and the start-up soon of a third gas field in the Krishna Godavari Basin KG-D6 block on the East Coast of India.