GAIL has signed a legally binding 20 year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Gazprom Marketing and Trading Singapore (GM&TS).
As per the agreement, GAIL will receive 2.5 million tpa of LNG over a period of 20 years expected to commence from 2018-19. LNG will come from Gazprom’s Shtokman production facilities.