New Delhi is looking for a long-term contract to ensure its energy security Russia’s largest liquefied natural gas (LNG) producer, Novatek, is poised to clinch a deal with India’s main gas distributor GAIL on long-term supplies, Reuters reported on Friday, citing industry sources. A preliminary agreement may be signed as early as this week during a visit by Novatek Chairman Leonid Mikhelson to India for an energy conference, people familiar with the matter told the news outlet on condition of anonymity. The news comes as GAIL struggles to recover from its 93% slump in profits in the three months to December compar
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