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Singapore: GAIL (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a Long Term liquefied natural gas (LNG) deal into India for a supply of approximately one million metric.
The project is run by the private company Novatek, Russia's largest producer of LNG, which has a 60% share. The Chinese, French, and Japanese companies represented the remaining 40% of shares. The foreign companies all declared force majeure on the project.