State-run largest gas utility GAIL (India) fears little to no supply of liquefied natural gas (LNG) from Russia’s Gazprom for at least 12 months, and is preparing to meet the shortfall accordingly.
The supply constraints, which have cut off almost 20 per cent of all gas supplies, will continue to persist for some time, GAIL executives recently said in a meeting with ICICI Securities. Later, GAIL executives told Business Standard the company continues to face a shortfall of 8.5-9 million standard cubic meters per day (mscmd).
The government has recently begun talks with Moscow on the issue.
The long-term 2.4