GAIL says LNG supply from Gazprom will start from May – Feedback

India’s state-owned gas supplier and developer GAIL Ltd plans to buy 0.5 million tonnes or eight cargoes of liquefied natural gas (LNG) from Russia’s Gazprom in 2018/19, its chairman and managing director said.

“Cargoes will start coming from May,” Tripathi told Reuters on Thursday at the International Energy Forum.GAIL renegotiated the terms of a long-term 2.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) purchase deal with Russia’s Gazprom in January.This was the third such renegotiation by India with LNG suppliers to make the imported fuel more affordable, using its position as one of the world’s biggest energy consumers to strike better bargains for its companies.

https://in.reuters.com/article/india-ief-gazprom/gail-says-lng-supply-from-gazprom-will-start-from-may-idINKBN1HJ0ON

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *