Gas transmission firm Gas Authority of India (GAIL) aims to buy 25 spot cargoes of liquefied natural gas (LNG) in 2013, up from 16-17 this year, the firm’s Chairman, BC Tripathi, said on last week. GAIL will get the first cargo to start its Dabhol LNG terminal from Gazprom this month, Tripathi told the media on the sidelines of an energy conference.
The start of the 5 million tonne a year terminal has seen repeated delays. With gas demand expected to grow at 14 per cent in the next five years, Asia’s third-largest economy is scouting for long-term LNG contracts, and aims to increase its LNG handling capacity to 50 million tonne a year by 2017 from 13.5 million tonne now.
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