Indian gas firm GAIL to get 4 LNG cargoes from Germany’s Sefe in May
NEW DELHI (Reuters) – Indian gas firm GAIL (India) Ltd will get 4 cargoes of liquefied natural gas (LNG) from Germany’s Sefe in May, equivalent to volumes it was getting under a deal with a former unit of Russia’s Gazprom, Chairman Sandeep Gupta said on Monday.
Sefe supplied 2 LNG cargoes each in March and April.
“Sefe will decide on volumes on a month to month basis,” Gupta told reporters on the sidelines of an event.
The resumption of supplies from Sefe is crucial for GAIL, which reported an almost 93% slump in its December quarter profit due to lower gas sales triggered by supply disruptions.
