Not All Indian Gas Distributors Would Benefit From Record-Low LNG Prices

India’s largest gas distributor may not gain even as Asia spot prices of liquefied natural gas drop to their lowest-ever level. But its buyers may benefit.GAIL (India) Ltd. buys LNG at contracted prices in the international market and sells them at prevailing rates in the domestic and international markets—a business that generates 70-75 percent of its revenue. While selling prices have tumbled, the drop in buying prices has been low...