New Delhi, Feb. 11 -- GAIL India Ltd, the country's leading gas distributor, plans to pursue investment opportunities in U.S. liquefied natural gas facilities or secure long-term supply agreements following Washington's decision to lift its ban on export permits for new projects.

Chairman Sandeep Kumar Gupta indicated that the company will evaluate these options through a formal tendering process for long-term LNG purchases.

The strategic move comes after GAIL had to suspend its 2023 initiative to acquire up to 26 percent stake in a U.S. LNG plant, following then-President Joe Biden's temporary freeze on approvals for new LNG export projects.

This development holds particular significance for India, which currently ranks as the world's...