Speaking on the occasion, GAIL (India) Ltd’s Chairman and Managing Director, Mr B C Tripathi, said “This agreement with GDF Suez is yet another step by GAIL to bridge the demand supply deficit of the Indian market in the medium term.
“This is in addition to other initiatives of GAIL towards LNG sourcing, creating LNG regasification infrastructure and augmenting transmission capacity significantly during the next two to three years. With this step, we look forward to strengthen our partnership with GDF Suez in the future. GAIL will continue to make assiduous efforts to tie-up affordable LNG in its portfolio to meet the rapidly growing energy demand of the Indian market.”
Executive Vice President of GDF Suez in charge of its global gas and LNG business line Jean-Marie Dauger said “Signing this LNG supply agreement with GAIL is a real satisfaction for GDF Suez. Our natural gas portfolio is permanently optimised and thanks to its flexibility we are able to direct LNG volumes to the Asian market in response to its increasing LNG demand.
“Between 2010 and 2016, GDF Suez is planning to deliver about 10.8 MMt to Kogas, CNOOC, Petronas, Petronet, PTT, and GAIL. These agreements with key Asian energy players show GDF Suez’ strategic commitment to the region and allow the Group to build on these strong relationships to develop all its businesses.”