Gazprom decision on long-term LNG contracts squeezes priority sector

Supply disruptions may be ‘short-term’, says GAIL

Topics
Gazprom | LNG


Shine Jacob |
Chennai



As Russia’s Gazprom invokes force majeure over long-term liquefied natural gas (LNG) contracts with India’s GAIL, priority sector customers like fertilizer units have already started to feel the pinch in India with a reduction in supply.


TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.

SUBSCRIBE TO PERSPECTIVES


What do you get on Business Standard Premium?


WHERE







Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

First publication: Tuesday, August 02, 2022. 9:20 p.m. IST

About Leni Loberns

Check Also

The European Commission approves the nationalization of the German subsidiary of Russian Gazprom

The European Commission has approved the nationalization of Gazprom Germania, the German subsidiary of Russian …