India’s 20-year deal on import of natural gas from the US would be a “milestone” in bilateral ties and go a long way in strengthening and reinforcing trade relations between the two countries, Consul General of India Anupam Ray has said here. <\/p>\n
State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. <\/p>\n
GAIL had signed a sale and purchase agreement (SPA) with the US LNG exporter Cheniere Energy in December 2011. The SPA went into effect March 1. <\/p>\n
Under terms of the agreement, Cheniere will sell and make available for delivery to GAIL about 3.5 million tonnes a year of LNG. <\/p>\n
Amidst celebratory spirits, GAIL (India)’s first LNG consignment on ship ‘Meridian Spirit’ was flagged off by Ray yesterday at Ceniere Sabine Pass LNG terminal. <\/p>\n
“It is a milestone in India-US relations as American LNG for GAIL India is flagged off from US Gulf coast. The US has recently started exporting LNG and India is a major buyer. <\/p>\n
Win-win for both nations – a market for a major US industry and a reliable energy source for India,” Ray said. <\/p>\n
“This long term agreement would go a long way in strengthening the relationship between GAIL and Cheniere and reinforcing India-US trade ties,” he said. <\/p>\n
The ceremony was also attended by Cheniere CEO Jack Fusco and GAIL Chairman and Managing Director B C Tripathi. <\/p>\n
Various Texas Congressman appreciated the initiative and got on to their tweets. Congressman Ted Poe representing the second district of the of Texas tweeted that, ” it is a great news for TX! India has contracted to buy $2 billion of US LNG annually for 10 yrs. Excellent for job creation in TX, & is a milestone in US-India economic relations”. <\/p>\n
Congressman Pete Olson representing TX-22 in Congress tweeted, “Excited for liquid freedom more US LNG heading from Houston to India! Economic win for Texas and our ally India”.<\/p>\n","protected":false},"excerpt":{"rendered":"
India’s 20-year deal on import of natural gas from the US would be a “milestone” in bilateral ties and go a long way in strengthening and reinforcing trade relations between the two countries, Consul General of India Anupam Ray has said here. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. GAIL had signed a sale and purchase agreement (SPA) with the US LNG exporter Cheniere Energy in December 2011. The SPA went into effect March 1. Under terms of the agreement, Cheniere […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-152268","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/152268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=152268"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/152268\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=152268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=152268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=152268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}