Article: WORLD'S FIRST CNG SHIP CHARTERING BY GAIL

NEW DELHI, India, March 27 -- GAIL (India) Limited issued the following press release:

Eight national and international firms/consortiums have responded to GAIL (India) Ltd's invite for the expression of interest (EOI) for transportation of CNG from the A1 block of Myanmar. Through the international bidding process, GAIL will now select a firm/consortium for long term chartering service of CNG ship/barge, thus carving out a niche market of transportation solution in the regional markets. GAIL is now in the process of floating RFQ (Request for Qualification) to the interested parties before tying up for what could be the world's first CNG shipping Time Chartering service.

EOI's have been ...

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