Mumbai: GAIL (India) Ltd and NTPC Ltd plan to lease out part of their new liquefied natural gas import terminal in India to companies, including BG Group Plc. as reduced demand leads to lower utilization.
The companies’ LNG facility in western India, held under Ratnagiri Gas and Power Pvt. Ltd, will be ready to import cargoes by the end of March, A.K. Ahuja, Ratnagiri Gas managing director, said on Thursday.