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Gazprom & Yamal Trade Sign Long-Term Contract for LNG Supply

Source: www.gulfoilandgas.com 1/23/2015, Location: Asia

Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project.

The contract that will be effective for over 20 years provides for the annual supply of 2.9 million tons of LNG that will be delivered to the Asia-Pacific markets, mostly to India. The contract price will be determined using the formula with oil indexation.

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