The Indian importer has 20-year deals to buy 5.8 million tonnes a year of US LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site.
Read MoreBrent crude had rebounded to $ 57.75 a barrel, up to $1.52, or 2.7%, from its last close by 0401 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $ 1.51, or 2.96%, to $ 52.60 a barrel.
Read MoreBrent crude futures were down 70 cents, or 1.2 per cent, at $ 58.26 a barrel by 1205 GMT, setting a fresh seven-month low. Prices have lost more than 20 per cent since hitting their 2019 peak in April.
Read MoreThe cabinet is expected to approve the proposal in four to six weeks, said the source, who declined to be named because they are not authorised to speak to media.
Read MoreThe new cost estimate of $60 billion for the refinery was given to Saudi Arabia's energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.
Read MoreWhile India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery, the company said.
Read MoreMany companies have successfully raised funding through overseas bond market and this funding route is likely to grow many fold going forward
Read MoreThose consuming 201 to 401 units of electricity will continue to get 50 per cent power subsidy.
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