GAIL (India) is approaching the US LNG sellers to reopen the contracts. The state-owned gas utility company is seeking to renegotiate price of the LNG it has contracted from the US. The company has deals to buy 5.8 million tonnes of US LNG per annum for 20 years.
GAIL (India) is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.
