Published by
Joseph Green,
Editor
LNG Industry,
Reuters are reporting that India's finance minister Arun Jaitley has unveiled a budget for recovery in parliament on 1 February.
The budget has halved import tax on LNG to 2.5% from 5%.
The move is part of India’s push to become a gas-based economy.
The government had earlier stated its intent to more than double its annual LNG import capacity to 50 million t in the next few years.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01022017/indian-lng-import-tax-halved/
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According to Reuters, four companies have placed offers into a 10-year import tender for LNG deliveries to Pakistan, with Pakistan LNG expected to award the tender in August 2019.