GAIL in time-swap deal for US LNG

GAIL in time-swap deal for US LNG

State-owned gas utility GAIL India Ltd today said it has signed a first-ever time-swap deal to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.

GAIL Chairman and Manging Director B C Tripathi said the company is to receive LNG from its shale gas project in US from March next year. It has however time swapped some of the supplies. Read more

Credits:economictimes.indiatimes.com

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