India plans to establish a gas trading exchange as soon as October, according to Reuters.
The exchange will be in preparation for a surge of new supply expected to arrive on India’s east coast from domestic production and the startup of a new LNG terminal, combined with additional LNG terminals coming online on the west coast.
The exchange will standardise gas prices so domestic prices are not set at a discount to international market rates.
India imports LNG at a significant premium to its domestic...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!