State-owned gas utility GAIL India Ltd today said it has signed a first-ever time-swap deal to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.
GAIL Chairman and Manging Director B C Tripathi said the company is to receive LNG from its shale gas project in US from March next year. It has however time swapped some of the supplies. Read more
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