- Bloomberg•3 days ago
GAIL India Ltd. is seeking to defer a 20-year contract to buy liquefied natural gas from Gazprom PJSC until the Russian company’s Shtokman project begins production, officials at the South Asian country’s ...
- Reuters•3 days ago
NEW DELHI/MILAN/LONDON, July 25 (Reuters) - GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply. Shipments under the deal, initially expected to start in 2018/2019, are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the United States start up. The price mismatch is injecting tensions into long-term LNG agreements, driving a wedge between buyers and sellers such as GAIL and Gazprom's Marketing & Trading, industry sources say.
GAIL (India) LimitedNSE
|52wk Range||260.05 - 402.80|
|Day's Range||383.55 - 388.20|
|Avg Vol (3m)||1,538,181|
As of 4:38 AM EDT. NSE Delayed Price. Market open.