India Teams up with Japan, South Korea on LNG

 

India may soon rope China into the alliance as well, he said.

 

A Reuter report quoted Dharmendra as saying: "For the next two to three decades, gas is going to be a major part of the energy basket for Asian energy consumers. We want to bring together the countries and form a network which can together source reasonable, rational and affordable LNG"

 

State-owned GAIL Ltd is spearheading the talks, which follow a similar attempt in 2013, on India's behalf.

 

Natural gas currently accounts for about 8 percent of India's overall energy mix. In the last decade, while India's domestic natural gas production has grown by 10 percent, imports of LNG have risen by 335 percent.