GAIL issues LNG vessels tender

GAIL issues LNG vessels tender

GAIL (India) issued a tender inviting for time charter hiring of LNG vessels to transport LNG from the U.S. to India.

To meet its transportation requirements, GAIL intends, directly or through an affiliate, to enter into the time charter documents with one or more shipowners specialised in the operation of LNG vessels and meeting the bidder‘s eligibility criteria, shipyard eligibility criteria and other techno-commercial requirements of the bid to be selected through this bidding process.

“GAIL requires LNG vessels to transport up to 5.8 MTPA of LNG from United States of America to India. GAIL is also undertaking an exercise of swapping/trading of LNG. Based on the outcome of such exercise, the final requirement of vessels shall emerge and award shall be made accordingly,” stands in the tender document.

The present bid is calling for 9 LNG vessels in lots of three vessels each, of a cargo capacity of not less than 150,000 m3 and not more than 180,000 m3, enabling GAIL to comply with its off-take commitments at Sabine Pass and Cove Point from the 3rd quarter of 2017. The company, in an earlier statements, said that one vessel from each lot will be built in Indian shipyards.

Bids are invited based on the current scenario; however GAIL is undertaking an exercise of trading/swapping of LNG. Based on the outcome of such exercise, the final requirement of the vessels shall emerge and award shall be made accordingly, it said.

Due date for bid submission is 30th October, 2014.

 

LNG World News Staff, August 15, 2014; Image: GAIL

 

Share this article

Follow LNG World News

3 thoughts on “GAIL issues LNG vessels tender”

  1. Pingback: bradley
  2. Pingback: Perry

Comments are closed.

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >