India Looks to Buy More LNG as Heat Wave Boosts Power Demand
- Importers tapped to help increase gas supply for power plants
- Nation’s peak electricity demand jumped to an all-time high
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India is looking to procure more natural gas from abroad as a heat wave pushes the nation’s power demand to record levels.
Companies including GAIL India Ltd. and Petronet LNG Ltd. released several tenders this week to buy liquefied natural gas shipments for delivery from early May to June, according to traders with knowledge of the matter. Some of that gas will go to power generation, they said.