Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

Maritime Activity Reports, Inc.

January 23, 2015

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.
 
The company said in a statement that the contract involved sales of 2.9 million tons of LNG per annum which would be sold to the Asia-Pacific region, primarily India, with the LNG priice indexed to crude oil.
 
The contract was signed by Yamal Trade Pte Ltd and Gazprom Marketing & Trading Singapore Pte Ltd.
 
 
(Reporting By Jason Bush)
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