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GAIL getting regular supplies of LNG under long-term deal with Russia's Gazprom

28 May 2022 Evaluate

GAIL (India) is getting regular supplies of LNG under a long-term deal with Russia's Gazprom despite the geopolitical crisis. GAIL has a long-term deal to import 2.85 million tonnes per annum of liquefied natural gas (LNG) from a Singapore-based unit of Gazprom.

Earlier this month, Moscow slapped sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas producer Gazprom. Sanctions, aimed at stopping the flow of Russian gas to Europe, have been imposed on Gazprom Germania, and 29 of its subsidiaries in Switzerland, Hungary, Britain, France, Bulgaria, the Benelux region, the United States, Switzerland, Romania and Singapore.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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