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Petronet sees global LNG prices remaining low

NEW DELHI (Reuters) - India's biggest gas importer Petronet LNG expects global prices of liquefied natural gas (LNG) to remain low since supplies are rising, its managing director Prabhat Singh said on Wednesday.

Singh said fertiliser company Fact Ltd had agreed to buy 0.8 million cubic metres of super cooled gas for 310 days in the current fiscal year, helping the company operate its Kochi terminal at a higher capacity.

(Reporting by Nidhi Verma)