15:56 GMT +314 October 2019
Listen Live
    Gazprom office building

    Russia's Gazprom, India's GAIL Could Correct LNG Contract in 6 Months - CEO

    © Sputnik / Mikhail Voskresenskiy
    Business
    Get short URL
    0 65
    Subscribe

    Gazprom's CEO Alexey Miller said that Russia's energy giant hopes to agree with India's state-owned oil and gas company on amendments to the contract on deliveries of Liquified Natural Gas (LNG) in the next six months.

    GOA (Sputnik) Russia's energy giant Gazprom hopes to agree with India's state-owned oil and gas company on amendments to the contract on deliveries of Liquified Natural Gas (LNG) in the next six months, Gazprom's CEO Alexey Miller said Saturday.

    "Yes, we are in talks, I think that we will come to a decision in the nearest future," Miller said, adding that the agreement could be reached "within six months."

    Miller added that the corrections could be made in regard to the period, when the deliveries could be increased, while the volume of supplies would not be changed.

    A long-term agreement on LNG supplies signed between the Gazprom Group and India's GAIL in 2012 entered into force in June 2014. It provides for the delivery of 2.5 million tonnes of LNG a year for the period of 20 years.

    Related:

    Russia's Gazprom, India's Engineers India Ltd Sign MoU on Gas Delivery Routes
    India Takes Huge Step to Double Domestic Gas Consumption
    Securing Energy: India to Invest in Yamal Gas Reserve in Russia
    Tags:
    Gazprom, Russia, India
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik