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The first ever cargo of Russian LNG is on its way to India and will reach the Petronet terminal today. The import comes in line with GAIL’s renegotiation with Gazprom about the terms of the 20-year deal to import 2.5 million tonnes a year of LNG. India received its first cargo of US LNG a few weeks back. The price indexation has been changed from the Japan customs-cleared crude to Brent.
