India Russia Lng Deal

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.

After the US, Russia on Monday began supplying Liquefied Natural Gas or LNG to India under a long-term deal as the world's fourth-largest buyer of liquefied natural gas diversifies import basket to meet its vast energy needs.

GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply.

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.

After the US, Russia on Monday began supplying Liquefied Natural Gas or LNG to India under a long-term deal as the world's fourth-largest buyer of liquefied natural gas diversifies import basket to meet its vast energy needs.

GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply.