With an aim to shore up supply sources to meet rising demand, GAIL (India) is eyeing to buy up to 26% stake in a LNG project in the United States. The company has issued a tender seeking expression of interest (EoI) from operators of existing liquefied natural gas (LNG) liquefaction plants or proposed projects in the U.S. that will be commissioned by 2027.
The company is also looking to buy 1 million tonnes a year of LNG from the facility for 15 years, starting the last quarter of calendar year 2026. The company had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver contracted LNG due to western sanctions on Moscow over its invasion of Ukraine.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
