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IndiaTimes: GAIL to hire Shell's Hazira terminal

REUTERS TUESDAY, MARCH 07, 2006

MUMBAI: GAIL is in talks with Royal Dutch Shell Plc to hire Shell's Indian liquified natural gas (LNG) terminal for four years, an official from the firm said.

GAIL wants to use the entire 2.5-mn-tonne capacity of the merchant LNG terminal in Hazira in the western state of Gujarat starting in June, the senior official, who did not wish to be identified, said on Tuesday.
“We will get the gas on our own and pay regasification charges to Shell,” he said.
The deal would represent a first for the Hazira terminal, which has consistently run below capacity since it opened last year.
A Shell official in India declined to comment immediately.

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