Gas Authority of India, one of the main liquefied natural gas importers for the nation and with US volumes from Cove Point in Maryland and Sabine Pass in Louisiana, recorded its highest ever annual net profit, boosted by its LNG business.
The trading subsidiary of Russian natural gas company Gazprom said it had renegotiated the terms and pricing for its liquefied natural gas supply agreement signed more than five years ago with Gas Authority of India.