GAIL India in talks with 8 suppliers for long-term LNG supplies
GAIL, India's state-owned gas energy remains in talks with eight prospective suppliers for long term tie-up of LNG, the company stated in its yearly record for financial year April 2010-March 2011 offered on its site.
It has actually also authorized agreements with 19 worldwide sellers to purchase place LNG, the record showed.
Throughout the last financial year, GAIL signed a short term contract with Japan's Marubeni for 0.48 million mt/year of LNG, receiving the initial freight in February 2011.
silicone additives imported 0.20 million mt of LNG on a place basis from various worldwide vendors to supplement shortages in residential gas production.
GAIL additionally sourced 80 million cu m of place regasified LNG last through its joint endeavor partner Petronet LNG.
In the April-June quarter, the first quarter of the company's current , GAIL imported 4 LNG spot freights. It got 2 LNG area freights in July and also said it anticipated to obtain two even more in August as well as was most likely to take one cargo a month for the rest of the fiscal year.
To support higher LNG imports, your business will check out the opportunity of establishing new LNG terminals and tie-up added regasification abilities in existing/upcoming terminals, GAIL stated.
Earlier GAIL had shown its passion in going after an LNG import and also regasification terminal on the country's eastern shore either on its own or with Petronet LNG in which it has a 12.5% risk.
The company also said it was targeting equity linked LNG worldwide in addition to sourcing gas from domestic blocks.
GAIL claimed it was going after an opportunity in for engagement in shale gas possessions in the United States so regarding prepare with the ability as well as technical expertise for participation in the Indian residential shale gas bidding process rounds as and also when they are announced.
GAIL currently has more than 8,000 km of gas pipe network and 170 million cu m/d (6 Bcf/d) of bandwidth.
By the end of this financial year GAIL aims to attain transmission capacity of 220 million cu m/d and 10,000 km of pipelines.
It has actually also authorized agreements with 19 worldwide sellers to purchase place LNG, the record showed.
Throughout the last financial year, GAIL signed a short term contract with Japan's Marubeni for 0.48 million mt/year of LNG, receiving the initial freight in February 2011.
silicone additives imported 0.20 million mt of LNG on a place basis from various worldwide vendors to supplement shortages in residential gas production.
GAIL additionally sourced 80 million cu m of place regasified LNG last through its joint endeavor partner Petronet LNG.
In the April-June quarter, the first quarter of the company's current , GAIL imported 4 LNG spot freights. It got 2 LNG area freights in July and also said it anticipated to obtain two even more in August as well as was most likely to take one cargo a month for the rest of the fiscal year.
To support higher LNG imports, your business will check out the opportunity of establishing new LNG terminals and tie-up added regasification abilities in existing/upcoming terminals, GAIL stated.
Earlier GAIL had shown its passion in going after an LNG import and also regasification terminal on the country's eastern shore either on its own or with Petronet LNG in which it has a 12.5% risk.
The company also said it was targeting equity linked LNG worldwide in addition to sourcing gas from domestic blocks.
GAIL claimed it was going after an opportunity in for engagement in shale gas possessions in the United States so regarding prepare with the ability as well as technical expertise for participation in the Indian residential shale gas bidding process rounds as and also when they are announced.
GAIL currently has more than 8,000 km of gas pipe network and 170 million cu m/d (6 Bcf/d) of bandwidth.
By the end of this financial year GAIL aims to attain transmission capacity of 220 million cu m/d and 10,000 km of pipelines.
