GAIL to float ‘modified’ tender for LNG ships

March 26, 2015 9:59 am Published by

GAIL (India) is planning to “change norms” and reissue a multi-billion dollar tender to build LNG vessels in India after the original proposal failed to attract any Japanese or Korean shipbuilders.

 The government had made it compulsory for the gas marketing and trading company to buy one-third of its LNG ships—required to ferry gas from the US starting 2017 – from Indian manufacturers.

 However, Indian shipyards lack the expertise to build vessels for LNG transport, having never built one before, and foreign giants based in Korea and Japan turned down requests to form a joint venture and transfer technology here.

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This post was written by Atlantic Admin