Report: Gazprom, GAIL to renegotiate LNG supply deal

Report: Gazprom, GAIL to renegotiate LNG supply deal
Image courtesy of Gazprom

Gazprom could renegotiate the liquefied natural gas supply deal with GAIL of India within the next six months.

Russian giant’s head, Alexey Miller said that the decision is planned to be made in the course of the next six months, Reuters reports.

He said that the two companies are looking to change the period in which GAIL has to increase the amount of LNG it imports from Gazprom.

Under the initial contract signed in 2012, GAIL agreed to import 2.5 million tons of LNG annually, for a period of 20 years.

Miller also said that the volume would not be changed during the negotiations.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >