India is considering eliminating the import tax on U.S. LNG to increase its purchases, according to sources.
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India is considering eliminating the import tax on U.S. LNG to increase its purchases, according to sources.
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India’s consideration of scrapping import tax on U.S. LNG could signal a strategic shift in its energy policy, aiming to enhance energy security and diversify its sources. By boosting purchases of U.S. liquefied natural gas, India could potentially lower energy costs and strengthen its relationship with the U.S. at a time when global energy dynamics are in flux. This move may also align with India’s broader goals to transition to cleaner energy sources, reducing reliance on coal and improving air quality. It will be interesting to see how this decision impacts both countries’ energy markets and international relations. What are your thoughts on how this could affect India’s energy landscape in the long term?