Gail India Seeks Addition 2-2.5 Mt LNG from US

Gail India is in talks to buy an additional 2-2.5 million tonnes of LNG from US.

US Federal Energy Regulatory Commission (FERC) on Monday approved construction of Dominion Resources' LNG export project in Cove Point, Maryland. Gail has taken 40 percent of the project's capacity to liquefy 5.75 million tons a year of natural gas for export in ships.

"We have been waiting for this clearance and now we are confident of delivering US gas into India by 2017," GAIL Director (Marketing) Prabhat Singh told Press Trust of India (PTI) in New Delhi.

Gail India, which already has contracted 3.5 million tons per annum of LNG from US firm Cheniere Energy, is in talks with suppliers to feed the Cove Point terminal, Press Trust said.

"We are in advanced stage of discussion and very soon you will hear some news," he said without elaborating.