India’s Top Gas Utility Seeks to Defer Gazprom LNG Contract
- GAIL insists on supplies from Gazprom’s Shtokman project
- Indian company willing to take some LNG at renegotiated rates
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GAIL India Ltd. is seeking to defer a 20-year contract to buy liquefied natural gas from Gazprom PJSC until the Russian company’s Shtokman project begins production, officials at the South Asian country’s biggest gas transporter said.
New Delhi-based GAIL signed a contract in 2012 to buy 2.5 million metric tons a year of LNG from Gazprom starting in 2018 and 2019. The Russian exporter was to supply LNG from the Shtokman project under the contract, according to GAIL’s website.