LNG project awaiting environment clearance in Nellore

The terms of reference were issued in 2014 and the proposal was recently accepted for environment clearance.

India to gradually move to gas-based economy: Dharmendra Pradhan

New Delhi has promised to shave a third off its emissions rate by 2030.

GAIL had previously signed up agreement to buy 3.5 million tonnes of LNG a year for two decades from Sabine Pass.

The negative bid involves reverse bidding for the subsidy amount to come from the power system development fund.

With the current rates, the price of gas will come to USD7 per million British thermal unit (mmBtu).

GAIL has tied up 5.8 million tonnes per annum of LNG from the US, which the newly built ships will ferry.

The pipeline is planned to carry 31.5 million standard cubic meters gas per day.

Indian state signed the NIGEC for buying 5 million tons a year of LNG

The minister highlighted the natural synergy between the India and Canada in the energy sector

This will help set up the project on a fast-track basis