India will get delivery of the first ever shipment of LNG from the U.S. on March 30, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Wednesday. This comes about six months after India received the first ever shipment of crude oil from the U.S. in October.
The gas contract is between GAIL — for 3.5 million tonnes per annum of natural gas — and Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. It will arrive at GAIL’s Dabhol terminal in Maharashtra. “We have signed a contract for 20 years and it is very economically profitable for India,” Mr. Pradhan said. Read More