India and Japan agree LNG cargo-swapping deal

India’s cabinet has approved an LNG cargo-swapping arrangement with Japan.
By Staff reporter 13 October 2017 0 27962

India’s cabinet has approved an LNG cargo-swapping arrangement with Japan. The move is part of a broader bilateral pact to help reduce the logistical costs of importing the fuel for India, according to The Hindu.

India has arranged a number of swap agreements for the LNG it has agreed to take from plants in the United States and has been negotiating with long-term suppliers in recent months to try and agree lower prices.

The agreement will enable India to swap...

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