India received its first direct shipment of Liquefied Natural Gas (LNG) from Russia’s Yamal LNG project over the last weekend.
The shipment was supplied by Russian gas company Gazprom under its long-term (20 year) LNG contract with GAIL NSE -0.72 % (India) Ltd, it was been learnt.
The shipment travelled through the Northern Sea Route, Pacific Ocean and Indian Ocean to GAIL’s Dabhol terminal.
Earlier in 2018, India received its cheapest LNG under a long-term deal as Russia began shipping natural gas. Gazprom then supplied the 3.4 trillion British thermal unit (TBtu) of cargo from Nigeria. India will import LNG worth an estimated $25 billion over the contract period from Russia and price is cheaper than India’s some of other foreign sources.
