https://sputnikglobe.com/20220826/indias-gail-and-gazprom-in-talks-over-gas-supply-reports-suggest-1100030856.html
India's GAIL and Gazprom in Talks Over Gas Supply, Reports Suggest
India's GAIL and Gazprom in Talks Over Gas Supply, Reports Suggest
Sputnik International
MOSCOW (Sputnik) - India’s largest gas distributor GAIL has begun talks with Russian energy giant Gazprom to resume LNG imports halted by Western curbs on... 26.08.2022, Sputnik International
2022-08-26T14:00+0000
2022-08-26T14:00+0000
2022-08-26T14:00+0000
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The negotiations are in the early stages, the Economic Times cited sources familiar with the matter as saying. Asif Iqbad, from the Indian non-government trade facilitator IETO, said that GAIL and Gazprom were discussing routing payments through Singapore.Gazprom Marketing & Trading Singapore signed a 20-year deal with GAIL in 2012 to supply 2.5 million tonnes of LNG per year. The news outlet said Russia had defaulted on eight of the minimum 36 LNG shiploads scheduled for 2022 due to Western sanctions, forcing GAIL to slash supplies to client.India and Russia are reportedly considering recognizing each other’s national payments systems — India's RuPay and Russia's Mir — which will boost bilateral trade. Russia may also want India to pay for gas in euros, the outlet suggested.
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india, russia, gas, gazprom, gail
india, russia, gas, gazprom, gail
India's GAIL and Gazprom in Talks Over Gas Supply, Reports Suggest
MOSCOW (Sputnik) - India’s largest gas distributor GAIL has begun talks with Russian energy giant Gazprom to resume LNG imports halted by Western curbs on transactions with Russia, media reported Friday.
The negotiations are in the early stages, the Economic Times cited sources familiar with the matter as saying. Asif Iqbad, from the Indian non-government trade facilitator IETO, said that GAIL and Gazprom were discussing routing payments through Singapore.
Gazprom Marketing & Trading Singapore signed a 20-year deal with GAIL in 2012 to
supply 2.5 million tonnes of LNG per year. The news outlet said Russia had defaulted on eight of the minimum 36 LNG shiploads scheduled for 2022 due to Western sanctions, forcing GAIL to slash supplies to client.
India and Russia are reportedly considering recognizing each other’s national payments systems — India's RuPay and Russia's Mir — which will boost bilateral trade. Russia may also want India to pay for gas in euros, the outlet suggested.
