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.
- India in talks with US for LNG imports (shippingtribune.com)
- India’s Biggest LNG Buyer Seeks $1 Billion in Debt to Expand (bloomberg.com)
Posted on July 10, 2012, in AMERICAS, Asia, Energy, India, LNG, North America, Oil & Gas - inland, Sabine Pass, Shale Gas, United States and tagged $12 billion, GAIL, Gas, India, Liquefaction, Liquefied natural gas, LNG, News, Oil and Gas, Sabine Pass, US, US east coast, USD 12 Billion. Bookmark the permalink. Comments Off on India: GAIL to Finalize USD 12 Billion Gas Deal.