State-run Gail India is planning to enter gas shipping segment to bring in gas from its Sabine Pass fields in the US and also for shipping in gas from Gazprom's Shtokman project in the Arctic region. It is likely to take six-seven vessels on long-term charter hire or outright purchase. The entity’s team has been visiting various shipyards around the world to check availability before ordering new LNG vessels.
In 2011, county’s gas utility firm had signed a pact to source LNG from the Sabine Pass project's fourth train in the US' Louisiana state for 20 years, beginning 2016-end or early 2017. This agreement includes sourcing of 3.5 mt gas from these fields annually.
