• BIST 96.811
  • Altın 243,870
  • Dolar 6,2696
  • Euro 7,3810
  • İstanbul 22 °C
  • Ankara 17 °C

First LNG from Cheniere US to GAIL India

First LNG from Cheniere US to GAIL India
The SPA, which was signed in December of 2011, commenced on March 1, 2018. Under the terms of the SPA, Cheniere shall sell and make available for delivery to GAIL approximately 3.5 million tonnes of LNG per year.

Cheniere Energy and GAIL (India) today marked the commencement of their 20-year Sale and Purchase Agreement (SPA) to supply U.S.-sourced liquefied natural gas to India from Cheniere’s Sabine Pass liquefaction facility in Louisiana, with one of GAIL’s first shipments departing from the facility.

 
The ship will set sail after today’s ceremony to mark the occasion at Sabine Pass in the presence of Cheniere President and CEO Jack Fusco and GAIL Chairman and Managing Director Mr. B.C. Tripathi, who were joined by Consul General Dr. Anupam Ray, as well as representatives from Cheniere and GAIL.
 
The SPA, which was signed in December of 2011, commenced on March 1, 2018. Under the terms of the SPA, Cheniere shall sell and make available for delivery to GAIL approximately 3.5 million tonnes of LNG per year.
 
“The commencement of this agreement marks the start of a long and productive relationship between Cheniere and GAIL,” said Mr. Fusco. “India remains an important market for LNG, and one that we hope will continue to show signs of growth. We look forward to decades of mutually beneficial cooperation between Cheniere and GAIL, the leading natural gas company of India.”
 
“GAIL is one of the foundation customers of Cheniere having signed the contract in 2011. With supplies commencing from the US, GAIL will have a diversified portfolio both on price indexation and geographical locations,” said Mr. Tripathi. “This long term agreement would go a long way in strengthening the relationship between GAIL and Cheniere and reinforcing India-US trade ties,” he added.
 
GAIL is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, Petrochemicals, City Gas, E&P, etc.

This news is a total 431 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • MOL Launches Sunflower Kirishima20 September 2018 Thursday 10:30
  • GE Shipping Adds VLGC Jag Vasant to its Fleet20 September 2018 Thursday 10:00
  • Gulf Marine Services Bags MENA Contract20 September 2018 Thursday 09:30
  • Georgia Ports Authority Approves $92 Million Rail Expansion20 September 2018 Thursday 09:00
  • Ferry Burns and Sinks off Sulawesi19 September 2018 Wednesday 13:3
  • SENER-design LNG unit for Panfido19 September 2018 Wednesday 13:0
  • BSM Launches a Offshore Division19 September 2018 Wednesday 12:3
  • UK Aircraft Carrier Dodges Hurricane Florence19 September 2018 Wednesday 12:0
  • Boat Built with Recycled Plastic to Highlight Pollution19 September 2018 Wednesday 11:3
  • The USD1trln African Maritime Industry Mulls Further Growth19 September 2018 Wednesday 11:0
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |