Gail India issues swap tender to buy and sell LNG in 2022
7/17/2020
Gail (India) has issued a swap tender offering LNG cargoes for loading in the United States and seeking cargoes for delivery into India, in 2022, two industry sources said.
It has offered to swap one cargo a month in 2022 in a tender that closes on July 27, they said.
The cargoes it is offering will load from the Sabine Pass plant on a free-on-board (FOB) basis and the cargoes it is seeking will be delivered into India on a delivered ex-ship (DES) basis.
The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy’s Cove Point plant and Cheniere Energy’s Sabine Pass site in Louisiana.
Sign up to Receive Our Newsletter
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- KBR awarded FEED for Coastal Bend LNG project
- Norway pipeline gas export down 2.3% in 2025, seen steady this year
Comments