GAIL India to Import One Spot LNG Cargo for Dabhol in October

GAIL India Ltd. (GAIL) plans to import a spot cargo of liquefied natural gas in October for its Dabhol terminal south of Mumbai, according to a company official.

Separately, India’s state-run LNG importer, may award a tender for a shipment delivered in September to its Dahej terminal on the country’s west coast later this week, said the official, who asked not to be identified because he isn’t authorized to speak to the media. The tender closed July 8 for a cargo delivered in August or September.

New Delhi-based GAIL may buy as many as eight spot cargoes for Dahej and Dabhol after India’s monsoon season ends in August, the official said in May.

The 10 million ton-a-year Dahej LNG facility in Gujarat state is owned by Petronet LNG Ltd. (PLNG), according to the company’s website. Petronet’s investors include GAIL, Oil & Natural Gas Corp., Indian Oil Corp. and Bharat Petroleum Corp. The Dabhol terminal in Maharashtra state, owned by GAIL, has a capacity of 5 million tons a year, data compiled by Bloomberg shows.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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