Platts: Gazprom Mulls Increased LNG Supplies to India by 2020

Gazprom is considering increasing its LNG supplies to India to as much as 5 million mt/year by 2020, according to a company official.

"With a portfolio of 25 million mt/year, we could potentially sell as much as 5 million mt/year to India," Alexander Medvedev, deputy chairman of Gazprom's management board, said in an interview with Platts.

Gazprom recently reached an agreement to potentially raise LNG supplies to India's state-owned buyer GAIL to 3.5 million mt/year from the earlier agreed 2.5 million mt/year.

The duration of the contract may also be increased from 20 years to 25 years, with supplies expected to start from 2019, Medvedev said. MORE