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GAIL to sell US gas at lower price than LNG from Qatar

09 Jun 2014 Evaluate

GAIL India is offering gas supplies from the US at $12-13, a minimum of one dollar cheaper than the price at which India currently imports the fuel from Qatar on long-term contracts. The company has proposed to resell it to Indian customers at prices tied to the US benchmark as an alternative to contracts linked to oil prices.

Recently, the company had signed LNG procurement contracts from US indexed to Henry Hub prices. We are offering the same Henry Hub indexation price to customers in India.

The company posted a rise of 57.24% in its net profit at Rs 972.03 crore for the quarter ended March 31, 2014 as compared to Rs 618.18 crore for the same quarter in the previous year. Total income of the company increased by 17.56% at Rs 14977.89 crore for quarter under review as compared to Rs 12740.29 crore for the quarter ended March 31, 2013.

GAIL India Share Price

166.50 -0.95 (-0.57%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 166.50
Gujarat Gas 396.55
Indraprastha Gas 166.25
Mahanagar Gas 1171.95
Adani Total Gas 633.70
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