GAIL India Signs 20-Year LNG Deal With Gazprom
October 01 2012 - 6:33AM
Dow Jones News
By Rakesh Sharma
NEW DELHI--GAIL (India) Ltd. (532155.BY) said Monday that it has
signed a 20-year deal to buy 2.5 million metric tons a year of
liquefied natural gas from the Singapore unit of Russian gas giant
Gazprom OAO (GAZP.RS).
The gas pipeline operator said the supplies will start in
2018-19. The LNG will come from Gazprom's Shtokman production
facilities and will be priced with an oil-indexed formula and
delivered to India's Dahej, Dabhol and Kochi terminals, it said in
a statement.
Write to Rakesh Sharma at rakesh.sharma@dowjones.com
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