Former Gazprom unit cuts LNG supplies to India

A former Gazprom unit has defaulted on supplying contractual LNG to India, prompting rationing of gas supplies to users like fertiliser plants in the country, state-owned GAIL NSE -4.18 % (India) Ltd said on Thursday. Gazprom Marketing and Trading Singapore (GMTS), now a subsidiary of Gazprom Germania, has defaulted on supply of eight cargoes (shiploads) of liquefied natural gas (LNG) under a long-term deal, GAIL Director (Finance) R K Jain said at an investor call.

PTI had first reported on the GMTS default on July 19.