Gail to sign contract with Pakistan Firm for gas export

State-run gas utility GAIL India is likely to ink contract with a Pakistani firm to export natural gas through a pipeline from Punjab, said media report.

"GAIL would enter into the necessary contract for export of regassified-LNG with its Pakistani counterpart based on import of LNG at Petronet's Dahej (import facility in Gujarat) or Dabhol LNG terminal (in Maharashtra)," Minister of State for Petroleum and Natural Gas, Panabaaka Lakshmi said in a written reply to a question in Lok Sabha.

After re-gassification and service tax, the LNG price would cost $ 17.01 per mmBtu, said the media report.

According to the Oil Ministry sources, a slew of other costs along with Value Added Tax (VAT) is expected to raise the price of gas to a final $ 22.3 per mmBtu at which it will be delivered to Pakistan.

Dion Global Solutions Ltd.

Read more about: gail india, natural gas, lng import
Story first published: Wednesday, August 21, 2013, 12:31 [IST]
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