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GAIL to start importing LNG under Gazprom deal from May

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LNG Industry,

Reuters are reporting that GAIL (India) is to begin getting LNG under reworked deal with Gazprom from May.

GAIL signed a 2.5 million tpy LNG import deal with Gazprom in 2012.

Supplies under the reworked deal will be gradually ramped up and likely to reach full volumes in 5 – 6 years.

GAIL and Gazprom in January renegotiated the gas purchase deal including pricing.

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