India in talks with Russia over LNG supply resumption, GAIL says

India in talks with Russia over LNG supply resumption, GAIL says

GAIL, India's largest gas distributor and operator of pipelines, has not received the agreed imports since May and has had to cut supplies to clients as a result.







Reuters









August 26, 2022 / 02:26 PM IST





India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd, the state-run Indian company's chairman said at an annual shareholder meeting on Friday.

GAIL, India's largest gas distributor and operator of pipelines, has not received the agreed imports since May and has had to cut supplies to clients as a result.

"There are some immediate issues which we are trying to tackle both at the company level and also at G2G (government to government) level," said GAIL Chairman Manoj Jain, adding that supplies under the Gazprom deal have been hit by the Russia-Ukraine conflict.

Volumes under the deal were about a fifth of GAIL's overall overseas gas portfolio of 14 million tonnes a year, including supplies from the United States, Qatar and Australia, Jain said.

"So overall it is not affecting us in a significant way. The only affect is to the extent of 10-15%," he added,