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BG Group and India to sign LNG deal

20th March 2013

BG Group and India close to inking USD 20bn LNG deal

BG Group and India to sign LNG deal
Under the contract, BG Group will supply liquefied natural gas to the western Indian state of Gujarat

British oil and gas firm BG Group and India are set to sign a 20-year LNG deal worth up to USD 20bn, the Financial Times reported on Tuesday.

Under the contract, BG Group will supply liquefied natural gas to the western Indian state of Gujarat.

The move follows a 2011 initial agreement between BG Group and India's state-owned Gujarat State Petroleum Corp for the potential supply of as much as 2.5 million tonnes of LNG per year.

BG Group will sign a final deal this week, according to the Financial Times.