GAIL to bring Gazprom LNG to India next month at reduced prices

This comes a few weeks after India's first LNG cargo from the US landed at Dabhol regasification terminal in Maharashtra

The first liquefied natural gas (LNG) cargo from Russian energy major Gazprom will land in India in May, following an agreement in January with India’s state-owned gas supplier and developer GAIL India to bring down prices based on a new formula.     

The latter is also planning to bring at least 80 cargoes of US LNG in the current financial year. “We expect the first set of LNG cargoes from Gazprom to come in the first half of May. We have re-negotiated the prices with them on the basis of a fresh formula,” said an official aware of the