India GAIL to buy 6-7 spot LNG cargo in Jan-Mar 09

NEW DELHI, May 13 (Reuters) - Indian gas firm GAIL India (GAIL.BO: Quote, Profile, Research) plans to buy five to six liquefied natural gas (LNG) cargoes from the spot market in the last quarter of fiscal 2008/09 to fire its Dabhol power plant, a company official said.

"Our 5 million tonne LNG terminal will be mechanically ready by September-October, and it will be ready to receive LNG cargoes during January-March," A.K. Purvaha, director for business development at GAIL told reporters on Tuesday.

He said the company would float a tender to buy the LNG and each cargo would have 135,000 cubic metres of gas.

(Reporting by Nidhi Verma; Editing by John Mair)