India’s liquefied natural gas (LNG) buyers have grown frustrated with the long-term offtake contract model and are pressing U.S. sellers for more flexible terms, a Gail India Ltd. executive said Wednesday. Since prices cratered last year amid weak demand driven by the pandemic, customers have grown used to paying lower prices for delivered gas, said…
Articles from Gail
More than six years after signing a 20-year sales and purchase agreement (SPA) for liquefied natural gas (LNG) supplies, Cheniere Energy Inc. and India’s state-owned natural gas utility, Gail (India) Ltd., officially kicked off their SPA on Monday, with a ship expected to depart Cheniere’s export terminal in Louisiana by day’s end.
India’s state-owned natural gas utility, Gail (India) Ltd., said it has renegotiated its 20-year contract to purchase liquefied natural gas (LNG) from Russia’s Gazprom, with deliveries expected to begin in the second quarter.
WGL Midstream has struck a deal to sell up to 430,000 Dth/d of natural gas to GAIL Global (USA) LNG LLC (GGULL) for 20 years. The gas is to be liquefied and exported from the Dominion Cove Point LNG terminal, where GAIL holds capacity, to supply markets in India.
Carrizo Oil & Gas Inc. on Thursday said international energy companies OIL India Ltd. and Indian Oil Corp. Ltd. (IOC) will make their first foray into U.S. shale by taking a 30% stake in the Houston operator’s holdings in the Niobrara Formation of Colorado.