NEW DELHI (Dow Jones)–BG Group PLC (BG.LN) expects to sign a final agreement with GSPC Ltd. in mid-2012 to supply 2.5 million tons of liquefied natural gas per year, a company executive said Friday.
The sales of LNG are expected to start in 2014, Walter Simpson, president and managing director of BG India, told reporters on the sidelines of an industry conference.
Energy company GSPC is fully owned by the provincial government of Gujarat in western India. According to its website, it is building an LNG terminal in western India through a wholly owned unit.
-By Rakesh Sharma; Dow Jones Newswires
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,460 members that receive our newsletter.
Have a news tip? Let us know.
By Julian Lee (Bloomberg) Moscow’s use of the tankers sanctioned for their involvement in the Russian oil trade is accelerating, with close to one-third of the blacklisted vessels back at work....
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had...
Oct 8 (Reuters) – Former Amazon.com Consumer CEO Dave Clark said on Tuesday his new software supply chain management startup Auger has raised over $100 million in private equity funding from Oak HC/FT and...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,460 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
