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Indian Oil plans to raise spot LNG buys due to lower prices

IOCL is expanding its natural gas business

Reuters New Delhi
Last Updated : Jul 13 2015 | 10:33 AM IST

State-run Indian Oil Corp plans to buy at least one spot LNG cargo a month in 2015-16 to take advantage of lower short-term prices, senior company executive Debasis Sen told Reuters on Monday.

India's largest refiner is expanding its natural gas business as the country, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil.

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First Published: Jul 13 2015 | 10:17 AM IST

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