Wednesday 15 August 2012

Relaxation of Norms for LNG Imports From US

The Minister of State for Petroleum and Natural Gas Shri R.P.N. Singh informed the Rajya Sabha in a written reply today that in view of recent increase in commercialization of Shale Gas resources in US, there has been considerable availability of gas in US resulting in low Henry Hub prices and increased possibility of LNG exports from US. GAIL is pursuing gas sourcing opportunities across the world including US. Petroleum Ministry has asked the Ministry of External Affairs to take up the matter with appropriate authorities in the US Government for allowing LNG/Liquid Shale Gas exports to India from USA, by keeping India outside the purview of Free Trade Area (FTA)/non FTA framework, he added.

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