Cheniere Energy Unit Signs Pact To Supply LNG To GAIL India
December 12 2011 - 12:01AM
Dow Jones News
U.S.-based Cheniere Energy Partners L.P. (CQP) said a unit of it
has entered into an agreement with India's GAIL (India) Ltd.
(532155.BY) to sell about 3.5 million metric tons of liquefied
natural gas annually.
The agreement with Sabine Pass Liquefaction LLC will help the
state-run Indian company to ensure long-term gas supply for meeting
growing demand in the Indian market, GAIL Chairman B.C. Tripathi
said, according to a Cheniere Energy statement.
Supplies under the 20-year agreement will commence by 2017, the
statement said. The deal has an option for extending the contract
by up to 10 years.
Financial terms of the agreement weren't immediately
available.
-By Saurabh Chaturvedi; Dow Jones Newswires; +91-11-4356-3304;
saurabh.chaturvedi@dowjones.com
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