High LNG prices: GAIL claims these are "manipulated", offers to sell at lower prices
Jan 20:
In an informal briefing, GAIL has claimed that high LNG prices are a result of mostly paper transactions between a few big LNG traders. 8GAIL also said that it is willing to sell LNG at a far lower price than the benchmark JKM spot prices. 8This assertion by Indian largest gas trader seems to cast doubt on the viability of JKM as a benchmark for gas prices for India. Click on Details for more.