Report: GAIL to start LNG imports under Gazprom deal from May
MOSCOW, Apr 4 (PRIME) -- Indian state oil and gas company GAIL will begin getting liquefied natural gas (LNG) under a reworked deal with Russian gas giant Gazprom from May, Reuters reported Wednesday citing India’s oil minister Dharmendra Pradhan.
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 five to six years, Pradhan said
GAIL and Gazprom in January renegotiated the gas purchase deal including pricing.