Moneycontrol
Oct 15, 2016 07:25 PM IST IST | Source: Reuters

Russia's Gazprom sees new LNG deal with India's Gail in 6 months

Russia's Gazprom CEO Alexei Miller said on Saturday he hoped to renegotiate a deal to supply liquefied natural gas to India's Gail (India) Ltd within the next six months.


Russia's Gazprom CEO Alexei Miller said on Saturday he hoped to renegotiate a deal to supply liquefied natural gas (LNG) to India's Gail (India) Ltd within the next six months.


"We will make a decision in the near future, in the course of six months," Miller said.


The two companies are discussing a change to the period in which Gail has to increase its off-take to 2.5 million tonnes of LNG per a year, as agreed under a previous contract, Miller told reporters.

When asked if the volume of 2.5 million tonnes a year would remain unchanged, he said: "Yes."

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