GAIL to buy third of domestic-built LNG carriers

GAIL to buy third of domestic-built LNG carriers

Under the petroleum ministry directive, GAIL of India decided to buy a third of LNG vessels that should be build domestically for the purpose of importing LNG from the U.S.

This decision is lauded as a boost for Indian shipbuilding industry although some analysts are doubting the feasibility of Indian ship makers meeting the demand given the experience, or lack of it, reports Financial Express. Companies that will greatly benefit from this decision are L&T and Pipavav, among others.

Sources said that a 20-year period guarantee of the LNG vessels’s performance will be a part of the contract.

LNG World News Staff, July 28, 2014; Image: Pipavav

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
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

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 >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >