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Record-high LNG prices will hurt sector in the long run: GAIL Chairman Manoj Jain

Record-high liquefied natural gas ( LNG ) prices will hurt the sector in the long run, slow industries’ switch to natural gas, and delay India’s plan of launching LNG-powered trucks, GAIL NSE 1.25 % chairman Manoj Jain has said. While higher prices are expanding the country’s largest natural gas marketer’s margins, they are a "setback" to consumers, Jain told ET in an interview. Natural gas, oil NSE 1.06 % , coal , and electricity prices have sharply jumped in several markets across the globe as a larger-than-anticipated rebound in demand and a slow supply response have created shortages. Asia-delivered […]

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