Crown LNG will make investments greater than $1 billion in an Indian liquefied pure fuel import terminal that it goals to open in 2028, the Norwegian firm’s chief govt officer mentioned.

Indian fuel demand is robust and more likely to continue to grow, however it’s at present restricted by the necessity for inexpensive provides, Swapan Kataria mentioned in an interview in New Delhi. LNG is more likely to develop into cheaper resulting from increases in global capacity via the top of the last decade, he mentioned.