India’s first liquefied natural gas cargo from the United States landed at the Dabhol regasification terminal in Maharashtra yesterday. Petroleum Minister Dharmendra Pradhan received the first-ever shipment of 1.2 lakh tonne LNG under the long-term contract of 20 years.
Speaking on the occasion, Mr Pradhan Pradhan describing the arrival of the first shipment and the conclusion of the long-term contract with the US-based Cheniere Inc as a new beginning in the Indo-US energy partnership and trade.
.@gailindia had signed a 3.5 MTPA contract with @Cheneiere in Dec 2011 for the 1st consignment of LNG cargo coming from Louisania, USA. Gail has also signed a Tolling Agreement with Dominion Cove Point for 2.3 MTPA, supplies for which would commence to India from April 2018. pic.twitter.com/cqJHJyYHWP
— Dharmendra Pradhan (@dpradhanbjp) March 30, 2018
He said, LNG supplies will help achieve the vision of moving towards a gas-based economy. He also announced a 700-crore rupees investment by the newly-created Gail arm Konkan LNG to complete an under-construction breakwater facility, that on completion will make the terminal an all-weather facility.
Gail will be getting 22-24 shipments per annum till the breakwater is built. Once that is done we will be handling 80-90 ships a year.