GAIL loads first Sabine Pass LNG cargo under 20-year SPA

GAIL loads first Sabine Pass LNG cargo under 20-year SPA
GAIL cargo loading at Sabine Pass on March 4 (Image courtesy of Cheniere)

Houston-based LNG exporter Cheniere Energy and India’s GAIL marked the commencement of their 20-year sale and purchase agreement (SPA), with one of GAIL’s first shipments departing from the facility.

The ship will set sail after the ceremony to marking the occasion at Sabine Pass liquefaction facility in Louisiana, Cheniere said in a statement on Monday.

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

“India remains an important market for LNG, and one that we hope will continue to show signs of growth,” Cheniere’s president and CEO Jack Fusco said.

Speaking about the deal, GAIL chairman and managing director B.C. Tripathi said that, “GAIL is one of the foundation customers of Cheniere having signed the contract in 2011.”

He added that the commencement of the US supplies to GAIL, the company’s portfolio will be diversified on price indexation and geographical locations.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

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

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

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 >