LNG Price Slump Sends Biggest Indian Refiner on Buying Binge

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  • IOC to boost spot LNG purchase after Indian terminal expanded
  • Country to more than double import capacity within 5 years

Indian Oil Goes on a Buying Binge

Indian Oil Corp., the nation’s biggest refiner that’s also boosting its liquefied natural gas business, is lifting purchases of the fuel to take advantage of a price plunge amid a glut.

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