GAIL Floats Tender To Buy, Sell LNG Cargoes

GAIL (India) has issued a tender offering two liquefied natural gas (LNG) cargoes for loading in the United States and is seeking two cargoes for delivery into India, two industry sources said on Wednesday.

It offered two cargoes to load from the Cove Point plant in the United States on a free-on-board (FOB) basis over Jan. 4 to 6 and Feb. 11 to 13, they said. It is also seeking two cargoes for delivery into Dabhol in India over Jan. 7 to 15 and over Feb. 4 to 10 on a delivered ex-ship (DES) basis, they added. The tender closes on Nov. 5.

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.