New Delhi, Apr 12 () State-owned gas account GAIL India today said it will accompany to India alone bisected of the LNG it has apprenticed from the US as it has either swapped or awash the actual volumes.
GAIL has a accord to buy 3.5 actor tonne a year of aing accustomed gas (LNG) for 20 years from Cheniere Energy of the US and has additionally appointed accommodation for addition 2.3 actor tonne (MT) at Dominion Energy’s Cove Point condensate plant.
“Of the volumes contracted, we accept already awash 0.5 MT. The actual volumes construe into 80 cargoes (or shiploads) of LNG in a year. Of this, 50 per cent will appear to India,” GAIL Chairman and MD B C Tripathi told reporters here.
The aboriginal US burden accustomed at the firm’s Dabhol LNG acceptation terminal in Maharashtra on March 30.
Also, the firm’s adjourned LNG acceptation accord with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to absolutely apprenticed abundance of 2.5 MT in 5-6 year, he said.
“This year we will get 8 cargoes or 0.5 MT of LNG from Gazprom,” he said.
GAIL, he said, had awash 81-82 actor accepted cubic meters per day of gas in 2017-18, which would acceleration to 91-92 mmscmd because of accession
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