Gail (India) initiates legal proceedings against Gazprom for non-delivery of LNG
Gail (India) has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG. The company is seeking damages from Gazprom, but declined to spell out the amount being pressed for. It has filed for arbitration in London and also appointed an arbitrator. Gazprom is yet to appoint its representative.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.