GAIL Sells 2 Million Tonnes/year LNG from U.S. Portfolio

Published: 15th July 2015 11:48 AM  |   Last Updated: 15th July 2015 11:48 AM   |  A+A-

NEW DELHI: GAIL (India) Ltd <GAIL.NS>, a state-run gas utility, has agreed to sell 2 million tonnes of liquefied natural gas per year out of its U.S. portfolio, its chairman B.C. Tripathi said on Wednesday, but did not elaborate.

Energy major Royal Dutch Shell <RDSa.L> is a key customer of GAIL.

GAIL has a deal to buy 3.5 million tonnes per annum (mtpa) of LNG for 20 years from U.S.-based Cheniere Energy <LNG.A> and has also booked capacity for another 2.3 mtpa at Dominion Energy's Cove Point liquefaction plant.

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