GAIL sells LNG to Shell

GAIL sells LNG to Shell

India’s GAIL reportedly sold at least 0.5 mtpa of LNG to Shell, from its U.S. portfolio. 

The company’s Managing Director, B.C. Tripathi confirmed the deal to Reuters yet declined to comment on the volumes, the price or the duration of the contract.

GAIL secured 3.5 mtpa of LNG from Houston-based LNG player Cheniere for 20 years and booked 2.3 mtpa capacity at Dominion’s Cove Point liquefaction facility.

Sources claim that GAIL has sold at least 0.5 mtpa of LNG to Shell and the company also plans to issue an LNG swap tender that would help the country cut down on transport costs.

Tripathi added that 0.5 million tons of LNG from the company’s U.S. portfolio has already been snapped up by local customers. He added that GAIL is in talks with local and foreign companies to secure more similar deals.

It is predicted that India’s gas demand will rise as the government has given approval to the use of imported gas for energy and fertilizer production.

 

LNG World News Staff; Image: Shell

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
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 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >