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GAIL India inks LNG supply agreement with Spain based GNF

01 Sep 2012 Evaluate

Country’s leading gas transporter and marketer, GAIL India has inked an LNG supply agreement with Spain based Gas Natural Fenosa (GNF) whereby over the period of next three years GNF shall ensure a total supply of about 3 bcm (billion cubic meters) of LNG to GAIL. The Spanish multinational will begin supply of LNG from January 2013 and will be its largest contract in this region.

Besides, in order to explore joint development of energy projects in India, both the companies have signed an industrial cooperation agreement. Gail India and GNF would collaborate opportunities in gas distribution, wholesale marketing and infrastructures in India as well as in projects abroad.

Further, in the coming years this agreement will enable GNF to establish a framework for co-operation with GAIL and leverage its expertise of operating in the energy markets of Spain, Latin America, etc, in the promising Indian LNG market.

Indian market is facing shortage of natural gas and this agreement with GNF will be another attempt by the company to bridge this gap.

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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