Reported 3 days ago
India is contemplating the elimination of import taxes on U.S. liquefied natural gas (LNG) to enhance purchases and address its trade surplus with the U.S. This move aligns with agreements made during Prime Minister Modi's recent visit to the U.S., where India committed to increasing energy imports significantly. By removing the taxes, U.S. LNG would become more competitive in price, aiding in India's goal to augment its energy supply amidst growing demand.
Source: YAHOO