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GAIL India to skip mid-term LNG deals for 2018 as US imports rise

GAIL has signed contracts for sourcing up to 5.8 million tonnes of LNG from the United States

Reuters  |  Mumbai 

GAIL (India) Ltd will skip medium-term liquefied natural gas (LNG) deals for 2018 as it starts getting supplies from its US portfolio from February, its head of finance said. "... We used to buy every year one medium-term contract to cater to domestic demand. This year, we are not doing it. So we will be catching that volume from U.S. volumes," Subir Purkayastha told an analyst conference call last week, according to a transcript made available to Reuters on Tuesday. GAIL, India's biggest natural gas transmission and marketing company, has signed contracts for ...

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First Published: Tue, November 21 2017. 22:50 IST