Gazprom is considering increasing its LNG supplies to India to as much as 5 million mt/year by 2020, according to a company official.
"With a portfolio of 25 million mt/year, we could potentially sell as much as 5 million mt/year to India," Alexander Medvedev, deputy chairman of Gazprom's management board, said in an interview with Platts.
Gazprom recently reached an agreement to potentially raise LNG supplies to India's state-owned buyer GAIL to 3.5 million mt/year from the earlier agreed 2.5 million mt/year.
The duration of the contract may also be increased from 20 years to 25 years, with supplies expected to start from 2019, Medvedev said.
Gazprom is also in discussions with other Indian buyers for the supply of additional long-term volumes.
"We are interested in the Indian market," Medvedev said.
The producer plans to supply its Indian customers with LNG from its offtake position at the 9.6 million mt/year Sakhalin-2 export plant on Russia's east coast, as well as from upcoming LNG projects, including Colombia's 500,000 mt/year Caribbean floating LNG, which is due to commence operations in 2015, Medvedev said.
"We have the fleet and multiple supply sources, so we will deliver the volumes that will be optimal for us and for our clients," he said.
"We can deliver the volumes from both of our new projects, Vladivostok LNG and Baltic LNG, we can deliver them from Sakhalin LNG and also from our portfolio, including Colombia," Medvedev said.
Source: Platts
"With a portfolio of 25 million mt/year, we could potentially sell as much as 5 million mt/year to India," Alexander Medvedev, deputy chairman of Gazprom's management board, said in an interview with Platts.
Gazprom recently reached an agreement to potentially raise LNG supplies to India's state-owned buyer GAIL to 3.5 million mt/year from the earlier agreed 2.5 million mt/year.
The duration of the contract may also be increased from 20 years to 25 years, with supplies expected to start from 2019, Medvedev said.
Gazprom is also in discussions with other Indian buyers for the supply of additional long-term volumes.
"We are interested in the Indian market," Medvedev said.
The producer plans to supply its Indian customers with LNG from its offtake position at the 9.6 million mt/year Sakhalin-2 export plant on Russia's east coast, as well as from upcoming LNG projects, including Colombia's 500,000 mt/year Caribbean floating LNG, which is due to commence operations in 2015, Medvedev said.
"We have the fleet and multiple supply sources, so we will deliver the volumes that will be optimal for us and for our clients," he said.
"We can deliver the volumes from both of our new projects, Vladivostok LNG and Baltic LNG, we can deliver them from Sakhalin LNG and also from our portfolio, including Colombia," Medvedev said.
Source: Platts
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