NEW DELHI: State-run gas utility GAIL has restored supply cuts — imposed last year due to import disruptions caused by the Ukraine conflict — as a former Singapore-based subsidiary of Gazprom has resumed LNG (liquefied natural gas) shipments, company chairman Sandeep Gupta said on Thursday.
Shipments supplied since March and committed for June reflected volumes committed in a 20-year contract signed in 2012 with Gazprom Marketing and Trading Singapore Pte Ltd (GMTS), Gupta said, adding it will help boost gas consumption by 6-7%.
Disruption in shipments had forced GAIL to pare supply and scale down operations at its petrochemicals plant after GMTS stopped LNG shipments as it ended up under German government administration and a new name — Sefe Marketing and Trading Singapore Pte Ltd (SMTS) — following Russia’s invasion of Ukraine.
