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OCT 17 2016

Russia's Gazprom sees new LNG deal with India's Gail in six months

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 17th OCT 2016

Russia's Gazprom CEO Alexei Miller said on Saturday he hoped to renegotiate a deal to supply liquefied natural gas to India's Gail (India) Ltd

within the next six months.

"We will make a decision in the near future, in the course of six months," Miller said. The two companies are discussing a change to the period in which Gail has to increase its off-take to 2.5 million tonnes of LNG per a year, as agreed under a previous contract, Miller told reporters.

When asked if the volume of 2.5 million tonnes a year would remain unchanged, he said: "Yes."

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Gas Natural Gas Russia Gazprom Liquefied natural gas India

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