GAIL signs 20 year LNG deal with Gazprom

10/1/2012

GAIL signs 20 year LNG deal with Gazprom

NEW DELHI – GAIL said that it has signed a 20 year deal to buy 2.5 mmtpy of LNG from the Singapore unit of Gazprom.

The gas pipeline operator said the supplies will start in 2018-2019. The LNG will come from Gazprom's Shtokman production facilities and will be priced with an oil indexed formula and delivered to Dahej, Dabhol and Kochi terminals, it said in a statement.

Dow Jones Newswires

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