(BG-.L) BG Group PLC Buy/Sell

NEW DELHI, Oct 29 (Reuters) - GAIL (India) Ltd. will buy a liquefied natural gas (LNG) cargo from Spanish firm Repsol after a planned deal with British firm BG fell through, two sources at the Indian firm said on Thursday.
"The deal with BG did not work out, they were asking for higher price then what they had said initially. But with Repsol we have concluded the deal," a top company official told Reuters.
He said BG revised the offer because of rising winter demand for the fuel.
Another official, involved in awarding the tender, said the cargo for end-November lifting had been contracted at an ex-ship price of $6.5-$6.6 per million British thermal units (mBtu) from Repsol.
BG had initially offered the cargo at an ex-ship price of $5.5 per/mBtu.
(Reporting by Nidhi Verma; Editing by John Mair) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: INDIA GAIL/LNG

(nidhi.verma@thomsonreuters.com; +91 11 4178 1018; Reuters Messaging: nidhi.verma.reuters.com@reuters.net)

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