India's GAIL evaluating buying stake in Adani's east coast LNG terminal
2/28/2019
The chairman of India’s GAIL said the company was evaluating buying a stake in the Adani Group’s proposed 5 million tonnes per annum Dhamra liquefied natural gas (LNG) terminal on India’s eastern coast.
GAIL has sold about 70 percent of U.S. LNG in deals with terms extending up to 20 years to Indian buyers, and the rest to global firms in deal terms extending to up to five years, he said.
GAIL has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy’s Cove Point plant and Cheniere Energy’s Sabine Pass site.
(Reporting by Nidhi Verma; Editing by Susan Fenton)
Sign up to Receive Our Newsletter
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
Comments