LNG supply from Gazprom to commence from May
India: India's state-owned gas supplier and developer GAIL Ltd plans to buy 0.5 million tonnes or eight cargoes of liquefied natural gas (LNG) from Russia's Gazprom in 2018/19. GAIL renegotiated the ter ms of a long-term 2.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) purchase deal with Russia's Gazprom in January.

This was the third such renegotiation by India with LNG suppliers to make the imported fuel more affordable, using its position as one of the world's biggest energy consumers to strike better bargains for its companies. India has also renegotiated long-term LNG deals with Qatar's RasGas and Exxon Mobil Corp as spot prices declined substantially amid a supply glut that turned trading of the seaborne gas into a buyers' market. GAIL is planning to get as much as 5 million tonnes of LNG from the United States as well, equivalent to about 80 cargoes throughout the fiscal year.

GAIL is also working on implementing a national gas grid that is aimed at connecting the under-served eastern part of the country to the rest of the nation