India’s state-run gas outfit Gail (India) is gearing up to launch an LNG trading desk in Singapore.
The utility believes the country is best placed to act as a trading hub for imports into Asia due to the tax benefits and geographical location.
“We have a subsidiary in Singapore. Whether to trade through that or float a company there - we are examining all prospects of how it can be done," Gail’s chairman BC Tripathi told The Times of India.
India