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    The Financial Express: GAIL in Talks with Golar LNG for Shipping US Gas

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Summary

GAIL (India) is believed to be in talks with Golar LNG, one of the world’s leading owners and operators of LNG carriers, to ferry gas from the US starting 2017.

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The Financial Express: GAIL in Talks with Golar LNG for Shipping US Gas

GAIL (India) is believed to be in talks with Golar LNG, one of the world’s leading owners and operators of LNG carriers, to ferry gas from the US starting 2017. Separately, the state-run gas marketing and trading firm has also called bids for hiring of nearly 11 ships to ferry LNG. The discussions with Golar is seen as an interim arrangement till the chartered ships are ready, which is expected only by 2019.

Sources told FE that top executives of GAIL and Golar held several round of meetings in New Delhi recently. The executives of Nasdaq-listed Golar have also met senior officials at the petroleum ministry here.

Golar’s fleet consists of 13 vessels till April 2013, while there were plans to add 11 LNG carrier new-builds, said the company website. These new-build carriers will be available to meet a range of charter terms, it said. The company did not respond to queries sought by FE. MORE

 

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