GAIL
GAIL
GAIL Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.
The Company Statement
June 14, 2023
A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to the Ukraine war, GAIL chairman Sandeep Kumar Gupta. GAIL (India) Ltd settled a USD 1.817 billion claim against former Gazprom unit, now SEFE, for USD 285 million. The settlement addressed LNG non-delivery under a long-term contract. Western sanctions on Russia affected supply. SEFE claimed force majeure but resumed partial deliveries by 2023.
| January 17, 2025 | GAIL Settles Billion-Dollar Claim Against Russian Energy Unit |
| May 18, 2023 | Former Russian unit resumes LNG supplies to GAIL, 6 US firms offer stake |
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