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Indian firm GAIL seeks 26% stake in US LNG
Gulf Today
|April 13, 2025
GAIL India Ltd issued a tender on Friday to buy an up to 26% stake in a liquefied natural gas project in the United States combined with a 15-year gas import deal, aiding New Delhi's efforts to narrow its trade surplus with Washington.
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India is racing to become one of the first to agree a trade deal with the United States, as President Donald Trump's announcement of sweeping tariffs has triggered a trade war with China and efforts by other countries to negotiate.
Trump has made clear he regards US gas as a bargaining chip.
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