New Delhi-based Petronet LNG Limited, will sign a deal in a year’s time to buy at least 1 million tons of U.S. natural gas annually for a period of up to 10 years. The firm may also acquire a stake in a U.S. liquefied natural gas (LNG) project, said Petronet’s managing director, Prabhat Singh.
“The U.S. offers lots of opportunities and we would like to explore that properly and make a venture [there],” Singh said. He added that Petronet was in talks with various companies including Houston, Texas-based Tellurian Inc about a potential U.S. deal. “If the pricing is right then India has appetite for huge volumes,” he noted.
A glut of natural gas in the United States due to the rapid development of shale fields has kept benchmark U.S. prices for LNG at almost half that of Asian levels.
Last updated: December 26th, 2025
