GAIL (India) Limited is aiming at reducing the supply cost of imported liquefied natural gas (LNG) by reworking existing deals. Presently, GAIL (India) has a 20-year contract with Cheniere Energy for supply of 3.5 million tonnes per annum of LNG and with Dominion Energy'sCove Point liquefaction plant for supply of another 2.3 million tonnes per annum. The recent renegotiation of the Gorgon contract between Petronet LNG (PLL) and ExxonMobil for gas from Australia has pushed GAIL (India) to consider renegotiations.
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