Public Sector

GAIL issues swap tender to buy and sell LNG over Aug-Dec – sources

GAIL issues swap tender to buy and sell LNG over Aug-Dec - sources

GAIL issues swap tender to buy and sell LNG over Aug-Dec – sources

GAIL issues swap tender to buy and sell LNG over Aug-Dec – sources – GAIL (India) Ltd has given a swap tender contribution liquefied petroleum gas (LNG) cargoes from August to December, for loading in the United States and looking for cargoes for delivery into India as per three industry sources said on Wednesday.

The state-run petroleum gas firm has offered to swap a payload a month over the period in a tender shutting on July 26, the sources added.

Four of the cargoes are for loading from the Cove Point plant in the United States while one is for loading from Sabine Pass send out terminal, one of the sources said.

With respect to delivery into India, three cargoes are to be conveyed into the Dabhol terminal while one will be conveyed into Dahej and another into Hazira, the source added.

The Indian shipper has 20-year arrangements to purchase 5.8 million tons per year of U.S. LNG, split between Dominion Energy’s Cove Point plant and Cheniere Energy’s Sabine Pass site in Louisiana.

GAIL has a different tender looking for a LNG freight for delivery into Dahej over Aug. 9 to 13, the sources said, including that the tender closes July 22./Reuters

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