Third of Gail India’s LNG Ships to Be Built at Home

Responding to the media reporting that it will buy one third of LNG ships for ferrying gas from the US from Indian builders, India’s gas utility Gail India Ltd confirmed in a filing it will shortly come out with an LNG ship charter hire tender specifying that one ship out of every lot of three ships each would be built in India.

Gail has inked long term agreements with the US based companies Cheniere Energy Partner and Dominion Resources for transportation of LNG from Sabine Pass and Cove Point terminals in USA.

It plans to charter newly built ships to transport this gas to India.

“Quotes for three such lots of three ships each would be specified in the tender. It is proposed to allow 6 years delivery period for the Indian built ships as against about two and half years for the foreign built ships,” the company said.

Opting for domestic shipbuilders comes after thinking long and hard whether India has the capacity to build cryogenic LNG carriers and how long would this process take, as first estimates indicate it would take up to six years to build these indigenously.

World Maritime News Staff, August 1, 2014

Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >