is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.in its December quarter net profit as it transmitted less gas locally due to a reduction in liquefied natural gas supply from a deal with Gazprom Marketing and Singapore .
"The Indian economy is needing more and more gas. Even if GMTS had not happened, we were in the market for sourcing gas. Yes, but GMTS circumstances have forced us more," he said.At the time, GMTS was a unit of Gazprom Germania, now called Sefe, but the Russian parent gave up ownership of Sefe after Western sanctions over Russia's invasion of Ukraine. Sefe has halted supply to GAIL since May.
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Source: Reuters - 🏆 2. / 97 Read more »