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GAIL Aims to Import More Than 16 LNG Cargoes in FY13: Prabhat Kumar, Director of Marketing

  • GAIL aims to import more than 16 spot cargoes of liquefied natural gas (LNG) in 2012/13, a company executive said on Monday, and has already tied up a cargo from U.S.-based Excelerate Energy for its new Dabhol terminal.LNG accounts for a tiny amount in India's energy basket and the country currently has capacity to import just 13.5 million tonnes per year.

  • Most of its energy needs are met by coal with oil covering about a quarter of the demand -- making the country Asia's third-largest oil importer."Dabhol will be commissioned later this month. We have tied up a spot cargo with Excelerate for commissioning," Prabhat Kumar, director of marketing, said."With Dabhol coming up we will be sourcing more than 16 spot LNG cargoes in the next fiscal (2012/13). In the current fiscal GAIL bought 16 LNG cargoes."

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