File photo: MintNew Delhi: Petroleum minister Dharmendra Pradhan on Wednesday said that India is a price-sensitive customer and will seek reasonable rates as its energy demand grows. “We are price sensitive” and “want a reasonable price”, said Pradhan at a press conference here. “It has to be affordable for our consumers.”With a glut in global LNG supplies; India, the world’s fourth-largest LNG importer has been trying to renegotiate its contracts. This comes at a time when the US has also emerged as an important global energy exporter. He added that the LNG contracted from the US is “very economical” and “highly profitable for India.”“It is a very competitive price,” Pradhan said.

Source: Mint March 28, 2018 19:41 UTC