Gail in talks for long-term LNG deal with Alaska

DISCUSSIONS ARE PRELIMINARY AS THE LANDED COST OF LNG WILL BE A CRUCIAL DECIDING FACTOR FOR DEAL

- Reuters

India’s state-run Gail is in initial talks to buy liquefied natural gas from the proposed Alaska LNG project as the South Asian nation expands its import capacity, three industry sources with knowledge of the matter said.

The talks with developer Glenfarne come as India works to raise its energy imports from the United States to narrow its trade surplus as part of a broader trade agreement with Washington to avoid the imposition of hefty U.S. tariffs.

Gail's discussions are preliminary as the landed cost of LNG will be a crucial deciding factor for the deal, the sources said.