What is GAIL’s offer price for gas in India?

by Anirudh Sharma
Published: February 23, 2022 (3 months ago)

What is the kind of pricing offered by GAIL these days to gas buyers in India?
Most bulk buyers are given this option
For 5 years, it is a slope of 13.95 per cent to the Brent
For three years it is 1% more to the Brent
When it comes to US LNG, the pricing is like this
At the basic US formula for five years, and at 1 dollar more for three years
At less than three years, everyone will have to buy at the current spot price