For a period of 20 years
GAIL (India) announced the signing of a sourcing agreement between its subsidiary GAIL Global USA LNG LLC (GGULL) and US-based company WGL Midstream Inc. for procurement of natural gas required to produce about 2.5 MTPA of LNG at the Cove Point Terminal located in Maryland, US. WGLM is a subsidiary of WGL Holding Inc., a prominent natural gas company of the United States.The definitive gas sale and purchase agreement has been signed for a period of 20 years and supplies are expected to commence from late 2017 when the LNG terminal, in which GGULL holds liquefaction capacity, becomes operational.
Powered by Capital Market - Live News
