GAIL (India)’s subsidiary signs gas sale and purchase agreement with US-based WGL Midstream Inc.

GAIL (India)’s subsidiary signs gas sale and purchase agreement with US-based WGL Midstream Inc.

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.

http://www.business-standard.com/article/news-cm/gail-india-s-subsidiary-signs-gas-sale-and-purchase-agreement-with-us-based-wgl-midstream-inc-114120500299_1.html

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