NEW DELHI Oct 25 State-run gas utility GAIL
India Ltd plans to buy 19 cargoes of liquefied natural
gas (LNG) by March, out of which 9 will be bought from the spot
market, its chairman said on Friday.
The company sells 6.5 million tonnes per annum (mtpa) of LNG
locally, sourced from Qatar's Rasgas under a long-term contract
and through small deals with GDF Suez and Spain's Gas
B.C. Tripathi told reporters GAIL is also looking for "good"
shale gas assets in the United States.
LNG is expensive in Asia at about $17 per million
British thermal units (mBtu), as it is linked to oil, while a
boom in U.S. shale gas output has pushed down prices there
to below $4 per mmBtu.