Explore Business Standard
GAIL-Gazprom LNG Deal
Business Standard brings you the top headlines at this hour
 "Top Headlines: PM Modi cautions against Covid, GAIL's LNG hunt, and more")
The centre may neither pursue arbitration with Gazprom, the world's largest natural gas explorer, nor accept a penalty from the company after it halted supplies to GAIL in May
 "Govt holding bilateral talks over Gazprom-GAIL issue, won't seek penalty")
A former Gazprom subsidiary reneges on its supply contract forcing the state-owned gas distributor to cut back supplies to key industries
 "GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies")
An industrial consumer said GAIL has restricted its gas quantities to a 'take or pay level', the lowest level at which it will not attract a penalty from the customer
 "GAIL rationing gas as former Gazprom unit cuts supplies: Report")
Earlier this month, Moscow slapped sanctions on owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas producer Gazprom
 "No disruption in Russian LNG supplies from Gazprom due to sanctions: GAIL")
This comes a few weeks after India's first LNG cargo from the US landed at Dabhol regasification terminal in Maharashtra
 "GAIL to bring Gazprom LNG to India next month at reduced prices")