GAIL floats tender for stake sale in US LNG project
Government-owned GAIL India Ltd has floated a tender for stake sales in its U.S.A.-based LNG (Liquefied Natural Gas) project. The tender is for the sale of 26% stake combined with a 15-year gas import deal. GAIL seeks 1 million metric tons per year of LNG from the US plant, starting by 2029-2030.
As per the update, the firm is looking to buy equity in an existing LNG liquefication project or a new project that would.
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