The Memorandum of Understanding (MoU) had been signed during Prime Minister Narendra Modi’s visit to Houston, Texas, in 2019.
The firm's long-term deal to import 7.5 million tonnes per annum of liquefied natural gas from Qatar ends in March 2028, and the company has time till December 2023, to decide on extending it.
AMNS India is a joint venture between ArcelorMittal (60 per cent) and Nippon Steel (40 per cent) that acquired Essar Steel in bankruptcy proceedings in 2019.
The agreement was signed between representatives of the two countries here on Friday, in the presence of Prime Minister Imran Khan, according to Special Assistant on Petroleum Nadeem Babar.
While the company had announced acquiring 37.47 per cent stake in RGPPL from its lenders, initially, NTPC and GAIL had 25.51 per cent stake each in the Dabhol project.
However, the rising general demand for energy has helped the company in the December quarter.
He had also served as an Executive Director in the GAIL India Limited in Projects division.
The shipment is being sent under a twenty-year agreement between Indian gas utility major GAIL India and US-based Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana.
Gas will be imported from countries like Australia, Qatar in cape size vessels and will be supplied to Allahabad of Uttar Pradesh through over 2500 km long pipeline, the minister said.
The country’s interim Prime Ministerial candidate Shahid Khaqan Abbasi is facing an inquiry by the National Accountability Bureau over an illegal contract to import Liquefied Natural Gas.