Standard Post with Image

GAIL's Local LNG Carrier Building Opens Plethora of Opportunity for India

News

The liquefied natural gas (LNG) ships proposed to be built at home under the 'Make in India' plan will have up to 49 per cent Indian shareholding and a longer construction time compared with overseas carriers that state gas marketer GAIL plans to charter .

Source:  Business Standard

SNP Insights

GAIL move to promote indigenous LNG carrier building, is a major milestone for LNG import in India. It will boost country autonomy in terms of LNG carrier, as well as technology transfer in terms of ship building, will open gate for $7.45 Bn LNG carrier market for Indian players. Country’s own indigenous LNG Carrier availability, will give good bargaining position for long term LNG supply contract for country like USA & Canada.

Source: SNP Infra Research