GAIL seeks a stake in LNG export terminal in US
Gail is seeking a stake in a liquefied natural gas (LNG) export terminal in the US along with a long-term supply of one million tonnes per annum of LNG, according to the expression of interest document issued by the company.
The company is exploring the opportunity to acquire up to 26% equity in an existing LNG liquefaction plant or a project that will be commissioned latest by 2027. It is also seeking to source 1 million tonnes per annum of LNG from the US plant on a free-on-board basis for 15 years, starting tentatively from the last quarter of 2026. The purchase contract can be extended by another 5 or 10 years.
US LNG terminal operators or project developers can submit their expression of interest by March 10.
