After Qatar, India gets US majors to cut price of gas from Oz


NEW DELHI: In yet another victory for the Narendra Modi government’s energy policy, a consortium of global oil majors led by US major Chevron has given in to India’s demand for lowering price of liquid gas contracted by Petronet LNG, the country’s largest importer of gas in ships, from the Gorgon LNG project in Australia.

The revised price is estimated to help Indian consumers save Rs 10,000 crore and reduce outgo of foreign exchange over the 20-year period of the contract, government sources said.

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