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Natural gas import by GAIL from Cheniere in complete despoliation category
March 15, 2018

Natural gas import by GAIL from Cheniere in complete despoliation

India’s GAIL which has entered into a ‘take or pay’ agreement from Cheniere’s arm, Sabine Pass (SPL) has been rebuffed when it went for a price negotiation. The contract which amounts for purchase of 182.5 trillion BTU of LNG seems to be a little problematic for the govt. owned enterprise which entered the contract to hedge prices but ended up caught under the hedge of quantity.

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