Gazprom misses India delivery

GAZPROM Singapore has failed to deliver some liquefied natural gas (LNG) cargoes to Indian state firm GAIL Ltd and has said it may not be able to meet supplies under their long-term deal, three sources familiar with the matter said.

The sources did not say why Gazprom Marketing and Trading Singapore (GMTS) did not deliver the supplies. Global competition for the super-chilled fuel and low inventories have sent Asian LNG prices soaring.

GMTS is a subsidiary of Gazprom Germania, a former unit of Russian energy giant Gazprom, now under the control of Germany's network regulator.

"We are facing difficulties, (the) situation is quite tight as GMTS has already defaulted on some cargoes and they have said they may not be able to meet commitments under the contract," said one of the sources. They declined to be named because they were not authorised to speak to the media.