(LiveMint)
In a milestone for India’s new energy sourcing strategy, the first long-term liquefied natural gas (LNG) US cargo from the Houston-based Cheniere Energy Inc. arrived at the Dabhol LNG terminal in Maharashtra on Friday. Of the 9 million tonnes per annum (mmtpa) of LNG contracted by India from the US, state-run GAIL (India) Ltd accounts for 5.8 mmtpa, at an estimated value of $32 billion.
This will translate to 90 cargoes every year from Sabine Pass and Dominion Cove Point LNG terminals.“GAIL signed two 20-year LNG supply agreements, potentially worth $32 billion, for US LNG exports from the Dominion Cove Point project in Maryland and the Sabine Pass project in Louisiana. Today’s shipment is the first of the contracted loads under the agreement,” the US embassy in New Delhi said in a statement.
