Business Standard

Russia's Gazprom turns off tap, GAIL's hunt for LNG may continue for a year

Its petrochem plant in UP running at 40% utilisation

Photo: Reuters
Premium

Photo: Reuters

Subhayan Chakraborty New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in