Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesGAIL eyes up to 2m tonne/year LNG import deal

    GAIL eyes up to 2m tonne/year LNG import deal

    GAIL India is likely to sign a three-year deal within three months to buy up to 2 million tonnes of LNG annually, Chairman B. C. Tripathi said on Saturday.

    March 26, 2012 / 10:18 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      GAIL India is likely to sign a three-year deal within three months to buy up to 2 million tonnes of LNG annually, Chairman BC Tripathi said on Saturday.


      The gas will supply the 5 million tonne-a-year Dabhol LNG terminal in western India.


      India is the world's eighth-largest importer of LNG and those imports could rise as much as five-fold in the next decade as domestic gas output falls and demand surges.


      "We are talking to various parties. We will decide on the deal in next three months," Tripathi told reporters at Asia Gas Partnership Summit. "It all depends on how successful are we in commissioning the terminal."


      He said a consortium of Indian companies which own the Dabhol terminal was considering doubling the plant's capacity to 10 million tonnes a year.


      He did not specify when a decision on raising the capacity would be taken.


      The Dabhol terminal, which is due to start up later this month, will initially operate at 50% capacity as the breakwater is not yet ready, he said.

      India needs gas to help power electricity generation, its fertiliser sector, city gas distribution and for industries.

      first published: Mar 24, 2012 08:42 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
      CloseOutskill Genai