RoydadNaft –   Amid ongoing tariff talks, New Delhi is stepping on the gas, literally, to address US concerns over India’s high trade surplus, in the hope of an early deal. State-run gas utility GAIL has invited expressions of interest for acquiring up to 26% stake in a US LNG (liquefied natural gas) project and a 15-year gas sourcing contract.

The move comes within two months of talks between PM Modi and US President Trump in Washington, where both agreed to expand energy ties. India offered to increase its purchase of US oil and gas from $15bn in 2024 to $25bn in the coming years.