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GAIL flags off first USA sourced LNG cargo from Sabine Pass

06 Mar 2018 Evaluate

GAIL India has flagged off its first USA sourced LNG cargo from Sabine Pass LNG export facility in Louisiana on March 05, 2018.

The cargo has been loaded on-board GAIL’s first chartered LNG ship ‘Meridian Spirit’. This LNG cargo originated from Cheniere Energy’s LNG export facility at Sabine Pass LNG project. The cargo will discharge LNG at Dabhol terminal of GAIL on or around 28th of this month.

The LNG SPA, which was signed in December of 2011, commenced on March 1, 2018. Under the terms of the SPA, GAIL would purchase around 3.5 million tonnes of LNG per year from Sabine Pass.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

Peers
Company Name CMP
GAIL (India) 169.60
Gujarat Energy 231.90
Indraprastha Gas 139.95
Mahanagar Gas 1043.75
Adani Total Gas 588.00
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