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GAIL renegotiating LNG purchase deals with US: Report

19 Dec 2017 Evaluate

GAIL is reportedly renegotiating its liquefied natural gas (LNG) purchase deals with United States -based Cheniere Energy and Dominion Cove Point. Indian gas firm has signed contracts for sourcing up to 5.8 million tonnes of LNG from the United States.

India has in the past renegotiated LNG deals with Qatar’s RasGas and Exxon Mobil Corp as spot prices have declined substantially amid a supply glut.

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.

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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