Petronet LNG to conclude LNG deal with Gazprom soon

08 Dec 2011

Petronet LNG will soon finalize an agreement for sourcing liquefied natural gas (LNG) from Russia under a pact with energy giant Gazprom. Earlier in June this year, Gazprom had signed a preliminary deal with Petronet for the supply of 2.5 million tonnes of LNG annually.

India is the world’s eighth-largest importer of LNG and the widening gap between demand and supply could mean imports rise as much as five-fold in the next decade.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

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