Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
US giants eye India's LNG infra market
Mint Bangalore
|October 01, 2025
FROM PAGE 1
-
The US giants have so far been supplying LNG to Indian energy majors, including IndianOil Corp. and GAIL (India) Ltd.
the fuel by 2028. The potential glut can be absorbed by India as the government targets increasing the share of gas in the country's total energy mix from around 7% to 15% by 2030.
So far, the US giants have been supplying liquefied natural gas (LNG) to Indian energy majors, including IndianOil Corp. and GAIL (India) Ltd. Their potential entry into the gas infrastructure business will pit them against Indian public sector competitors.
"The issue of US-based companies showing their interest has emerged during ongoing talks at various levels over setting up oil and gas facilities in India. Discussions are underway with concerned stakeholders and line ministries to take the matter forward," said the second person quoted above, speaking on the condition of anonymity.
Queries emailed to ExxonMobil, the US embassy in New Delhi and the union ministries of petroleum and commerce remained unanswered till press time. A Chevron spokesperson said: "We do not comment on market rumour and speculation as a matter of long-standing policy."
This story is from the October 01, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
China used to be a cash cow for western companies. Now it’s a test lab.
For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.
1 mins
December 01, 2025
Mint Bangalore
Why MF distributors haven't grown as fast as MF assets
may not be substantial. More than banning upfront, what possibly was more damaging to the product was the lowering of TERs. Asa country, our financial footprint isstill at the foothills given our potential. ‘Thismove wasmuch ahead of itstime.”
2 mins
December 01, 2025
Mint Bangalore
India mulls food equipment QCO as China imports soar
China accounts for 41% of India's $843 million worth food-processing equipment imports
2 mins
December 01, 2025
Mint Bangalore
No, our election booth level officers aren't dying of stress
A dangerous thing the Indian news media does is attribute reasons for suicide.
4 mins
December 01, 2025
Mint Bangalore
Let's be a bit more selective in using the word 'reforms'
Everybody should take a beat and think before uttering the word ‘reforms’ the next time. Glib usage, frequently in the wrong context, threatens to rob the word of its import.
3 mins
December 01, 2025
Mint Bangalore
Smart GDP growth casts shadow over December rate cut
The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.
1 min
December 01, 2025
Mint Bangalore
BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD
Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.
2 mins
December 01, 2025
Mint Bangalore
Selling home to repay loan? Know the tax hit
I had availed an education loan against my residential property. If I now happen to sell the property and use the proceeds to clear the loan, what will be the tax implications I should be mindful about before going ahead with the transaction? The outstanding loan amount is ₹1.5 crore and the likely sale price of the property is also around ₹1.5 crore. I had purchased said the property in 2003 for ₹20 lakh.
2 mins
December 01, 2025
Mint Bangalore
EC extends electoral roll revision by a week to II Dec; final list on 14 Feb
The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.
2 mins
December 01, 2025
Mint Bangalore
GDP growth of 8% plus: How to sustain this pace
Last quarter's economic expansion has cheered India but the challenge is to sustain a brisk rate for years to come. For private investment to chip in, revive infrastructure partnerships
2 mins
December 01, 2025
Listen
Translate
Change font size