Gazprom to sell 4 LNG cargoes to Gujarat State Petroleum Corporation

Gazprom Marketing & Trading will sell four liquefied natural gas cargoes to India's Gujarat State Petroleum Corporation (GSPC) between June and March 2017, following a recent tender, trade sources said.

The tender attracted a lot of interest from trade houses and suppliers, they said.

GSPC paid a price between the low- to mid 11% range of a barrel of crude oil, according to traders.

Gazprom is a large public joint stock Russian company founded in 1989 which carries on the business of extraction, production, transport and sale of natural gas.