GAIL and Shipping Corporation join hands for LNG Shipping

GAIL (India) Limited and the Shipping Corporation of India Limited (SCI) signed a Memorandum of Understanding (MOU)  onJune 06, 2013 to cooperate for transportation of LNG sourced by GAIL from USA. The MOU was signed in the presence of Shri B.C. Tripathi, Chairman & Managing Director, GAIL and Shri B.K. Mandal, Chairman & Managing Director and Director (Finance), SCI. Other senior officials of GAIL and SCI were present on the occasion.Under the MOU, both GAIL & SCI shall cooperate for transportation of 5.8 MTPA of LNG being sourced by GAIL from Sabine Pass and Cove Point terminals in USA. The cooperation would include SCI assisting GAIL in the charter hiring of LNG ships and GAIL assigning step-in right to SCI in the ownership of LNG Ships.GAIL has signed a LNG Sales & Purchase Agreement with Cheniere Energy Partners, LP (Cheniere) to procure 3.5 MMTPA of LNG from the latter’s Sabine Pass Terminal in Louisiana, USA for a period of 20 years. GAIL has also signed a Terminal Service Agreement with Dominion through GAIL Global (USA) LNG LLC for booking 2.3 MMTPA liquefaction capacity in the Cove Point LNG liquefaction terminal project located at Lusby in the state of Maryland. As the agreements are on FOB basis, GAIL is required to make its own arrangements for transportation of LNG from these terminals. The transportation of LNG is expected to begin from mid-2017.

Speaking on the occasion Shri B.C. Tripathi, CMD, GAIL said “LNG has become important business vertical of GAIL and the experience of SCI in the shipping business will bring huge synergetic advantage for both the companies. We expect that this partnership will enable faster development of in-house fleet operations capabilities for the Company.”

Shri B.K. Mandal, CMD and Director (Finance), SCI said that “With several LNG import projects being conceived in the country, LNG is seen as a key growth area for Shipping Corporation of India. SCI is planning to develop separate vertical within the Company to manage LNG shipping.”

About Shipping Corporation of India

SCI is the only Indian Company having experience in LNG shipping. Currently, the Company is managing 03 ships, which are on long-term charter hire with Petronet LNG Limited. SCI is the largest Indian Shipping Company with substantial interest in various segments of the shipping trade. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, passenger-cum- cargo vessels, phosphoric Acid/Chemical carriers, LPG/Ammonia carriers and offshore Supply vessels. As the Country’s premier shipping line, the SCI owns and operates around 38% of the Indian tonnage, and has operating interests in practically all areas of the shipping business, servicing both national and international trades.

About GAIL (India) Limited

GAIL (India) Ltd., is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications. The Company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification; City Gas Distribution and Exploration & Production through equity and joint venture participations.

Admin admin

Writer & Blogger

3 Comments

  • I saved the best for last to describe, her honey hole, it was, words can�t describe it , it was as smooth as silk, just like the day she was born. Her pussy lips were so full and when you parted them, the prefect shade of rose bud pink. When I eat her cunt, the taste blew my mind, sweet as candy and like eating your favorite food until you felt like you would explode but continue shoveling it in your mouth forever because you didn�t want that taste to ever end.

  • Awesome article.Much thanks again.

  • whoah this blog is fantastic i really like studying your
    articles. Keep up the great work! You realize, a lot of persons are hunting round for this information,
    you can aid them greatly.

  • I am not sure where you’re getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent info I was looking for this information for my mission.|

  • whoah this weblog is excellent i like reading your articles.
    Stay up the good work! You recognize, a lot of
    persons are looking round for this information, you could aid them greatly.

Leave a Reply to nouveau maillot psg pas cher

POPULAR POSTS

  • All Posts
  • Asia
  • Automobiles
  • Award
  • Awards
  • Campaigns
  • Corporate News
  • CSR
  • CSR
  • energizing
  • Energy
  • Fastest Indian
  • Green energy
  • History
  • Home 1
  • India
  • Infographics
  • Innovation
  • Natgas
  • Natural Gas Stories
  • Pipelines
  • Press Release
  • Renewables
  • SMEs
  • Sustainability
  • Techonology
  • Uncategorized
  • Videos
  • World

FACEBOOK

Edit Template

Copyright © 2023 GAIL | All Rights Reserved