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India could join Asian nations in procuring LNG - oil minister

India could join Asian nations in procuring LNG - oil minister

Friday, March 24, 2017, 4:59 PM

India does not rule out the possibility of joining China, Japan and Korea to jointly buy LNG as part of efforts to extract better deals, Pradhan said. The market was gradually becoming more consumer-centric. The world's biggest LNG buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.
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