Coal News We love to talk!

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."


Gas Natural Gas Russia Gazprom Liquefied natural gas India

Related News

  • Lower production costs help upstream oil, gas companies tide over depressed crude prices  Read more
  • Havent heard from Iran on $11 bn offer for gas field: OVL  Read more
  • Ambani's pipeline firm sees its losses zoom  Read more
  • New gas price to boost ONGC, OIL bottom lines if govt doesnt play spoilsport  Read more
  • Gas distribution to reach 49 per cent of Indias population, says PNGRB  Read more
  • Environment panel approaches oil companies against sale of petcoke  Read more
  • CIL may soon sign pact with South African company for mines  Read more
  • Relief for Adani Power in additional SEZ tax case  Read more
  • LG Chemicals backs out of BPCL's Rs 5k-cr petrochemicals project  Read more
  • Bharat Petroleum may hive off gas business into separate wholly owned subsidiary  Read more