GAIL India, the state-owned gas utility will import 1.5 million tonnes (MT) of liquefied natural gas (LNG) via term contracts and buy 30 to 35 spot cargoes of nearly 2 MT during 2014-2015. The company has already started discussions with potential buyers for LNG from the US and is prioritizing buyers from the fertilizer and power sectors.
In 2017-18, the company will be receiving 6 MT LNG a year and will be selling the entire volume in the domestic market.
GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
