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Lower Spot LNG Price Offering :Impending Opportunity for Indian Market

News

State Run Indian Oil Corp Plans to buy at least one spot LNG cargo in a month in FY'15-16.

Source: ET

SNP Insight

Lowering of Spot LNG supplies has in turned offered an opportunity for the Indian firm's like Indian Oil & GAIL in terms of purchasing spot cargos to cater enormous gas demand in the country. Ailing consumers like Fertilizer units & stranded Gas based Power plants may find a respite in terms of viability with reduced prices.

Source: SNP Infra Research