US giants eye India's LNG infra market

FROM PAGE 1

- 

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."