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India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says

  • GAIL India seeking better terms for 20-year supply agreements
  • India’s Petronet bargained successfully with RasGas and Exxon

India is pushing to renegotiate more liquefied natural gas deals after its success in reaching agreements with some of the world’s largest energy suppliers.

GAIL India Ltd., the nation’s biggest gas utility, is working toward renegotiating two more long-term deals, according to the company’s chairman. Those would follow new deals with  Qatar’s RasGas Co. in 2015 and Exxon Mobil Corp. last month that saw the Indian buyer get lower prices in exchange for agreeing to purchase higher volumes.