marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

GAIL to Start Importing LNG Under Gazprom Deal

April 4, 2018

© vladsv / Adobe Stock
© vladsv / Adobe Stock
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

Logistics News

OPEC+ Oil Production Rises in October, Nearing Pre-Iran War Rates

OPEC+ Oil Production Rises in October, Nearing Pre-Iran War Rates

Paris Wheat Futures Rise With No Black Sea Deal in Sight

Paris Wheat Futures Rise With No Black Sea Deal in Sight

COSCO SHIPPING Development Orders 16 VLCCs

COSCO SHIPPING Development Orders 16 VLCCs

Asia Turns to African, Brazilian Oil as Shipping Costs Decrease

Asia Turns to African, Brazilian Oil as Shipping Costs Decrease

Subscribe for Maritime Logistics Professional E‑News

Increased security at US Fairford Air Base in England
Canada fast tracks oil pipeline to diversify economy and divert away from US
Alaska LNG savings justify billions of investment, developer claims