GAIL to start importing LNG under Gazprom deal from May
NEW DELHI (Reuters) – GAIL (India) to begin getting liquefied natural gas (LNG) under reworked deal with Gazprom from May, India’s oil minister Dharmendra Pradhan told lawmakers on Wednesday.
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.
Reporting by Nidhi Verma; Editing by Mark Potter