India’s 20-year deal on import of natural gas from the US would be a “milestone” in bilateral ties and go a long way in strengthening and reinforcing trade relations between the two countries, Consul General of India Anupam Ray has said here.
State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana.
GAIL had signed a sale and purchase agreement (SPA) with the US LNG exporter Cheniere Energy in December 2011. The SPA went into effect March 1. Under terms of the agreement, Cheniere will sell and make available for delivery to GAIL about 3.5 million tonnes a year of LNG.
Amidst celebratory spirits, GAIL (India)’s first LNG consignment on ship ‘Meridian Spirit’ was flagged off by Ray yesterday at Ceniere Sabine Pass LNG terminal. Read More…