LNG Liquefied Natural Gas Limited

   By Rakesh Sharma 
 

NEW DELHI--GAIL (India) Ltd. (532155.BY) said Monday that it has signed a 20-year deal to buy 2.5 million metric tons a year of liquefied natural gas from the Singapore unit of Russian gas giant Gazprom OAO (GAZP.RS).

The gas pipeline operator said the supplies will start in 2018-19. The LNG will come from Gazprom's Shtokman production facilities and will be priced with an oil-indexed formula and delivered to India's Dahej, Dabhol and Kochi terminals, it said in a statement.

Write to Rakesh Sharma at rakesh.sharma@dowjones.com