India GAIL to buy 6-7 spot LNG cargo in Jan-Mar 09

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

15 May 2008

Indian gas firm GAIL India plans to buy five to six liquefied natural gas (LNG) cargoes from the spot market in the last quarter of fiscal 2008/09 to fire its Dabhol power plant, a company official said. "Our 5 million tonne LNG terminal will be mechanically ready by September-October, and it will be ready to receive LNG cargoes during January-March," A.K. Purvaha, director for business development at GAIL told reporters on Tuesday.
He said the company would float a tender to buy the LNG and each cargo would have 135,000 cubic metres of gas.

Source: Reuters