Indian LNG importers in talks for more US supply, Bloomberg reports
Investing.com -- Top Indian importers of liquefied natural gas (LNG) are reportedly in discussions to buy more fuel from US suppliers, ahead of a planned meeting between Indian Prime Minister Narendra Modi and US President Donald Trump in Washington this week, Bloomberg reported on Monday.
Among the firms involved in the discussions are Indian Oil Corp., which is looking to purchase LNG on a long-term basis from US export giant Cheniere Energy Inc (NYSE: LNG ), the report said, citing people familiar with the matter.
Other companies with access to American supply are also part of the talks, the report said, adding that Gail India Ltd., another major Indian importer, is considering investing in a US project.
According to Bloomberg, these talks are taking place as energy producers and purchasers prepare for the India Energy Week conference in Delhi. The meetings will be held over the next few days.
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