NEW DELHI: GAIL (India) Limited, the country’s leading natural gas company, Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and J M Baxi Marine Services have signed a Term Sheet for equity participation in the ship-owning company established in Singapore.The term sheet was signed in the presence of Shri Hardeep Singh Puri, Hon’ble Minister for Petroleum and Natural Gas, Government of India. GAIL has signed a long-term charter with the ship-owning company starting from 2027.The LNG vessel is currently under construction in a Korean Shipyard. GAIL’s investment in the ship owning company, subject . . .
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