India: GAIL to Finalize USD 12 Billion Gas Deal

State-run gas company GAIL is just steps away from signing a 20-year contract for shipping two million tonnes of LNG a year from US east coast, The Times of India said, citing sources close to the development.

Value of this contract would be approximately $12 billion.

GAIL executives were in the US last week in order to give final touches to the deal, the newspaper said.

In December 2011, GAIL inked a $20 billion contract with Sabine Pass Liquefaction for 3.5 million tonnes of LNG annually.

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Posted on July 10, 2012, in AMERICAS, Asia, Energy, India, LNG, North America, Oil & Gas - inland, Sabine Pass, Shale Gas, United States and tagged , , , , , , , , , , , , . Bookmark the permalink. Comments Off on India: GAIL to Finalize USD 12 Billion Gas Deal.

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