"The long-term deals will be in sync with the oil, the way oil prices goes but you won‘t see the immediate impact because it has last three months or last 12 months average price of crude oil", BC Tripathi, CMD of GAIL told CNBC-TV18 in an interview.
Out of the two million tonnes of LNG, one million tonne has been sold to Royal Dutch Shell. Tripathi refused to give details of other buyers.