With global LNG supplies swelling, Petronet’s CEO Prabhat Singh has a mammoth task in hand – how to ensure supplies for India’s burgeoning appetite at a fair price. Singh is hoping that pricing of term volumes will witness a dynamic shift under which India will be able to seal deals based on spot markers, he told in an interview.

Singh, who has been instrumental in putting India on the world gas map, believes that the country’s insatiable appetite for gas over the next decade and expectations of exponential growth in LNG imports would whet the appetite of suppliers to agree to India’s stance on term prices sooner than later.