demand for natural gas in the country, particularly for users of more expensive fuel like naphtha or diesel. The uniform pricing policy for city gas distribution as well as the opening of CNG stations in highways will further add to the demand.
Singh said that GAIL is offering a range of options in the type of contracts for Indian consumers. This includes fixing the LNG price at current Henry Hub levels, or having a flexible pricing mechanism that moves in tandem with the changes in Henry Hub with a cap on how high
prices could go, etc.