After postponing the deadline thrice, GAIL had in February scrapped the USD 7 billion tender to hire nine LNG carriers to ferry gas from the US, with a caveat that three of them be made in India. At that time no foreign shipyard was willing to share LNG shipbuilding technology.
Negotiations that followed saw Korean shipbuilders Samsung Heavy Industries, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering agreeing to cooperate with Cochin Shipyard, L&T Shipbuilding and Pipapav Shipyard respectively.
Following this, GAIL this week re-floated the tender for charter hiring of nine ships quoted in three lots of three ships each. One ship in each lot is be built at an Indian shipyard.
The tender document provides for Indian shipyard taking 5 percent to 13 percent in the liquefied natural gas (LNG) carrier that it will build. This condition was not there in the original tender floated last year.
Also, GAIL has a right to take up to 10 percent equity stake in any or all of the nine ships. Shipping Corporation of India (SCI), which is to operate the carriers, will have a right to 26 percent interest, according to the document.

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