Wednesday, 22 February 2017

GAIL's 5.8 MMTPA US LNG offtake obligation: Uncertainty looms

What is the latest on GAIL's 5.8 MMTPA of LNG that it has contracted from two US terminals, Sabine Pass and Cove Point?
8The gas major has made no progress beyond reselling 1 MMTPA of that allocation to Shell and a handful of other players.
8It still has another 4.8 MMTPA of LNG off take obligation to take care of.
8The gas major has issued a tender for swapping these volumes with LNG traders in Africa, the Middle East or Asia Pacific but the response is unknown.
8GAIL says it will be able to fully derisk its...http://goo.gl/WNluOb

Click on the following links for more on this story:
GAIL's 5.8 MMTPA US LNG offtake obligation-III: Is it time to take some action?

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