First U.S. LNG shipment to reach India from Louisiana facility this month

First U.S. LNG shipment to reach India from Louisiana facility this month

Context:

India will receive its first LNG import from the U.S. later in March

Details:

• The sale purchase agreement was signed in December 2011
• Under the terms of the agreement, GAIL would purchase approximately 3.5 million tonnes of LNG per year from Cheniere’s Sabine Pass.
• The cargo from Cheniere Energy’s Sabine Pass LNG export facility in Louisiana was loaded on to GAIL’s chartered LNG ship ‘Meridian Spirit’ on March 5.
• The cargo is expected to discharge LNG at the Dabhol terminal of GAIL on or around March 28.

Significance:

• The commencement of this agreement marks the start of a long and productive relationship between Cheniere and GAIL
• This is expected to reinforce India-U.S. trade ties