SCI and Gail set for LNG cooperation
Shipping Corporation of India (SCI) and Gail India Limited are in talks regarding the acquisition and operation of LNG carriers, a senior SCI official said. Sarveen Narula, Director of Line and Passenger Services at SCI said that Gail would pay in the region of US$ 3 billion for the acquisition and that SCI would run the nine LNG carriers.
The shipper could acquire up to a 25% stake once a joint venture company has been established, Mr Narula said, and a Memorandum of Understanding (MoU) was close to being signed. Discussions were being brokered through the government.
Edited from various sources by Ted Monroe
Read the article online at: https://www.lngindustry.com/lng-shipping/06102014/sci-and-gail-india-set-for-lng-cooperation-1538/
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