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India could join Asian nations in purchasing LNG

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LNG Industry,

Reuters are reporting that India has not ruled out the possibility of joining China, Japan and Korea to jointly buy LNG as part of efforts to extract better deals.

Indian Oil Minister Dharmendra Pradhan announced that the market was gradually becoming more consumer-centric.

The world's biggest LNG buyers, all in Asia, are joining together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.

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