March is the traditional low season for the global logistics industry. Ship operators, importers, and freight forwarders are discussing long-term contracts. This is an intricate dance between multiple stakeholders with billions of dollars in revenue.
GAIL, the state-run utility, is scouting for a stake in LNG projects in the US and long-term supply deals as it expects gas transmission volumes to rise. The company plans to invest in expanding its pipelines, city gas network, and petrochemicals capacity. GAIL has teamed up with Greenline to use LNG for heavy-duty commercial vehicles. India will contribute 10% of the incremental global growth in petrochemicals. GAIL recently acquired JBF Petrochemicals Ltd and is setting up a specialty chemicals plant.
