GAIL Wants More U.S. LNG

GAIL of India is planning to sign more deals to buy liquefied natural gas from the United States.

“Sometime by the end of July we hope to sign deals for 3.5-4 mtpa of U.S. LNG volumes…we are selling largely to city gas distribution companies, steel, textile and ceramics as well as refineries,” Reuters cited the company’s Chairman B. C. Tripathi as saying.

GAIL already has a supply deal with Cheniere Energy to buy 3.5 mtpa of LNG for 20 years, and has booked capacity for another 2.3 mtpa at Dominion’s Cove Point liquefaction plant.

The company will also float a tender next month to charter 6-8 LNG carriers for shipping the LNG from the U.S. to India, Tripathi added.