PSU NEWS
GAIL to charter 7 LNG ships to transport US natural gas
NEW DELHI. GAIL (India) Ltd will be chartering six to seven LNG ships for transporting its natural gas cargoes from the US from 2017, a top company official said on Tuesday.
The ships would be used for transporting six million tonnes (MT) of GAIL's contracted LNG cargoes, which are on free-on- board (FoB) basis, company's chairman and managing director B C Tripathi said at a seminar on Indian energy sector at the Singapore Energy Week.
GAIL would also be swapping its US cargoes with those available from other destinations. The shipping and trading would be handled by the Singapore subsidiary, GAIL Global.
Tripathi said the Singapore office would be trading its 1 MT of US LNG in the spot market.
The Singapore office would also be buying 7-8 LNG cargoes from the spot market over the next four months for India. Millennium post.
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