Novatek will no longer be able to supply gas to Gazprom Marketing & Trading Singapore, a former subsidiary of Gazprom, under a long-term contract for 3 million tons per year. Temporary permit issued by the Russian government to work with the company nationalized by the German authorities expired on 23 August. Russian authorities, when giving permission, hoped to keep supplies under a long-term contract with Indian GAIL. However, the German management of GM&T decided that it was more profitable not to supply Russian gas to India but to sell it on the spot market.