GAIL enters into gas sale and purchase agreement with Petronet LNG

GAIL has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG (PLL) for supply of an additional quantity of 0.30 MMTPA of RLNG with effect from January, 2016. Further, both the entities have entered into an agreement to adjust some aspects of their existing long term GSPA of 4.5 MMTPA.

GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.