OIL & GAS

Gail issues LNG cargo swap tender

According to Reuters, two industry sources have reported that Gail (India) has issued a swap tender to buy and sell LNG cargoes. The company is reportedly offering two LNG cargoes for loading in the US, and seeking one LNG cargo for delivery to India. The tender closes on 12 February.

Specifically, the offer is for two cargoes loaded from the Cove Point plant. According to Reuters, one of these cargoes is on a delivered ex-ship (DES) basis into Europe for delivery between February and March this year. The other cargo is reportedly on a free-on-board (FOB) basis for loading from Cove Point between 25 April and 27 April.

At the same time, Gail is seeking an LNG cargo for delivery into Dabhol, India, on a DES basis between 23 February and 28 February.

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LNG Industry
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