Gail, GDF Suez Ink LNG Deal

Gail India has signed a medium term liquefied natural gas (LNG) supply agreement with GDF Suez for supply of 12 cargoes from 2013 to 2014, representing a total of 0.8 million tons.

"This agreement with GDF Suez is yet another step by GAIL to bridge the demand supply deficit of the Indian market in the medium term. This is in addition to other initiatives of GAIL towards LNG sourcing, creating LNG regasification infrastructure and augmenting transmission capacity significantly during the next two to three years," said B C Tripathi, CMD, GAIL India, Times of India reported.

GAIL has already inked a deal with Sabine Pass Liquefaction LLC, a unit of Cheniere Energy Partners for supply of 3.5 million tonnes per year of LNG. The company is also in agreement with Turkmengaz for 38 million metric standard cubic meters per day (mmscmd) for 30 year supply through the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.