The central government is planning to approach global markets directly for long term gas supply pacts keeping in view of low prices of the fuel.
- GoI is planning to get gas for perhaps 5 to 7 years at a much cheaper price.
- The centre already has an effective scheme called Power System Development Fund (PSDF) to make sure the adequate supply of stranded gas based power projects and plants at sub-optimal level.
- R-LNG is imported in order to run these projects.
- Also, the gas pooling mechanism is up till the year 2017.