Sebastian, thank you so much for helping me to resolve the issue. I was able to fix my gapless loop by changing the "do-timestamp" property of the source element to TRUE.
After that mpeg encoder was very happy about the timestamp read from the every buffer even if it was taken from the already played chunk of video.
I still have some dropped frames between chunks, which I hope will be fixed in playbin3.
thanks,
MG
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