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India's GAIL swaps bulk of unsold U.S. LNG contracts amid fall in crude oil

Company had signed U.S. shale gas imports at the beginning of this decade

MUMBAI (NewsRise) -- GAIL (India) swapped more than 60% of its pricey U.S. liquefied natural gas (LNG) contracts with cheaper supplies, as the state-owned company stepped up efforts to stem potential losses from shale import contracts it had signed at the beginning of this decade.

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