India steps up plans to import Middle East LNG.(Brief Article)

After almost a decade of indecision, India is finally set to tap the Persian Gulf for importing vast quantities of liquefied natural gas (LNG) that would serve as feedstock for a large number of industrial sites and forthcoming power-generation stations.

At least two proposals to bring LNG into the country from the Middle East are advancing. One of them is from the Gas Authority of India Ltd. (GAIL), acting on behalf of Petronet, a consortium of four public-sector enterprises, including GAIL. The other is Enron International.

GAIL, Enron projects

GAIL has received offers for commercial terms of gas supply from seven bidders short-listed earlier after …