Gail (India) is preparing to tap the LNG shipping market for vessels to transport its newly booked US volumes to domestic import terminals on the west coast.
The government-run gas company is searching for a consultant to carry out a study to establish how best to build up a fleet.
Gail has an off-take deal for 3.5 million tonnes per annum of LNG from Cheniere Energy’s Sabine Pass liquefaction project on the US Gulf Coast.
Under free-on-board terms the buyer is responsible for transportation of the volumes, which are scheduled to start to flowing in 2017.
The consultant will be required to “recommend the most efficient and cost effective business model to transport LNG from Sabine Pass to India for a period of 20...
