" 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, GAIL said. "
New Delhi, July 30 - State-run gas utility GAIL India Wednesday said it has decided to hire from Indian shipbuilders a third of the ships needed for ferrying liquefied petroleum gas (LNG) from the US.

Under the advice of Ministry of Petroleum and Natural gas, GAIL will shortly come out with a LNG ship charter hire tender specifying, inter-alia, that one ship out of every lot of three ships each would be built in India, GAIL said in a filing to the BSE.

GAIL had earlier not favoured the inclusion of domestic shipbuilders in the tender on grounds that Indian shipyards would need at least six years and massive finances to build cryogenic LNG carriers.

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, GAIL said.

The LNG imports from the US are due to start in 2017.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002392214
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.