(hydrocarbonprocessing) -- India's state-run Gail Ltd has signed a 20-year deal to buy liquefied natural gas (LNG) from the Singapore unit of Russia's state-owned gas giant, Gazprom.
The Gail/Gazprom deal may also help revive development of the long-delayed Shtokman natural gas field in Arctic Russia, which Gazprom has been delaying since the beginning of the year, as MRC reported earlier.
The deal will help India meet its growing demand for energy and the government's target of doubling the share of natural gas in the nation's energy mix to 20% by 2025. India has struggled with an energy shortage that has limited its economic growth in recent years.
MRC