Shipments under the deal, initially expected to start in 2018/2019, are linked to oil prices, which are rising, while gas prices are expected to stay subdued for longer as major new production plants in Australia and the US start up.
The price mismatch is injecting tensions into long-term LNG agreements, driving a wedge between buyers and sellers such as Gail and Gazprom's Marketing & Trading, industry sources said.
Gail
