India’s top gas marketer GAIL opposes a new platform for booking LNG terminal capacity. GAIL states this platform will add costs for consumers without significant value. The company believes existing frameworks do not require a separate booking platform. High global LNG prices already pressure downstream natural gas consumers. Much of India’s LNG regasification capacity remains underutilised currently.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an