Reuters Indian Oil plans to raise spot LNG buys due to lower prices – exec

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Reuters Indian Oil plans to raise spot LNG buys due to lower prices – exec

State-run Indian Oil Corp (IOC.NS) plans to buy at least one spot LNG cargo a month in 2015/16 to take advantage of lower short-term prices, senior company executive Debasis Sen told Reuters on Monday.

India’s largest refiner is expanding its natural gas business as the country, the world’s third-largest carbon emitter, aims to cut its dependence on coal and oil.

https://in.reuters.com/article/2015/07/13/indian-oil-corpn-lng-idINKCN0PN0CH20150713