Tuesday, March 04, 2025 | 06:13 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

GAIL (India) and Gazprom renegotiate long term LNG SPA

Image

Capital Market

On 16 January 2018

GAIL (India) and Gazprom have successfully re-negotiated the long term LNG sale and purchase agreement originally signed in the year 2012. An amendment to this effect was signed on 16 January.

A long term LNG sale and purchase agreement building up to 2.5 MMTPA of LNG on DES (Discharge ex-ship) basis was executed by GAIL with Gazprom Marketing & Trading Singapore in the year 2012, the supplies under which are scheduled to start in Q2 2018.

The two parties have agreed to an adjustment to the price and volume of LNG supply thus enabling GAIL to develop incremental gas markets to offtake these volumes thereby mitigating volume risk.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 16 2018 | 5:45 PM IST

Explore News