India-based gas utility company GAIL (India) Ltd. (532155.BY) has renegotiated the terms of a long-term liquefied natural gas purchase deal with Gazprom PJSC (GAZP.RS), Reuters reports.
--GAIL signed a deal with Gazprom Marketing & Trading Singapore in 2012 to buy 2.5 million tons of LNG a year and supplies are scheduled to start in the second quarter of 2018, according to Reuters.
--India has been leveraging its position as one of the biggest energy consumers to strike better bargains for its companies, Reuters reports.
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(END) Dow Jones Newswires
January 16, 2018 08:40 ET (13:40 GMT)