GAIL India defers bidding for nine LNG ships by a month

GAIL India has deferred a tender for hiring nine newly-built ships to ferry LNG from the US by one month, as per reports. Bids for the tender were to close on February 29 but now have been extended to March 31.

GAIL India has deferred a tender for hiring nine newly-built ships to ferry LNG from the US by one month, as per reports. Bids for the tender were to close on February 29 but now have been extended to March 31.

As per report, the company is hiring nine LNG ships at an estimated cost of US$9 billion. These ships have a cargo capacity of 1,50,000-1,80,000 cubic metres and will transport liquefied natural gas from Sabine Pass and Cove Point LNG projects in the US. The supply is expected to start from December 2017.

GAIL India  is the largest state-owned natural gas processing and distribution company in India.