Bid & Tender
GAIL to Start Importing LNG under Gazprom Deal from May

Date : Apr 06, 2018

GAIL (India) to begin getting liquefied natural gas (LNG) under reworked deal with Gazprom from May, India’s oil minister Dharmendra Pradhan told lawmakers.

 

GAIL signed a 2.5 million tonnes a year LNG import deal with Gazprom in 2012. Supplies under the reworked deal will be gradually ramped up and likely to reach full volumes in 5-6 years, Pradhan said.

 

GAIL and Gazprom in January renegotiated the gas purchase deal including pricing.