Assocham urges Government to tie up gas import contracts even at high prices

摘要

The Government should consider entering into long-term contracts for imports of gas even at a higher price of US 12-14 as against the prevailing rate of US10-11 per million British thermal unit (mbtu), according to industry chamber, Assocham. Expressing concern over the scarcity of gas in the country, it said that the Government should tighten diplomatic ties with gas producing nations to meet the rising demand, which is likely to swell by over 120-bcm (billion cubic metres) by 2015.