First US shale gas reaches India; GAIL's Dabhol terminal receives cargo

GAIL said it would be annually receiving about 90 cargoes of liquefied natural gas from Sabine Pass and Cove Point LNG terminals in the US

India’s first liquefied natural gas (LNG) cargo from America landed at the Dabhol regasification terminal in Maharashtra on Friday. This is part of a $32-billion supply deal for 20 years that GAIL signed with the Dominion Energy Cove Point project in Maryland and Cheniere Energy Inc’s Sabine Pass Project in Louisiana.

India’s trade with America is expected to see large-scale import of LNG and crude oil in the coming years. Total bilateral trade (goods and services) between India and the US increased at a compound annual rate of 11.4 per cent from $20 billion in 2000 to $126.1 billion in